Crossmark Global Holdings Inc. Buys 14,443 Shares of D.R. Horton, Inc. (NYSE:DHI)

Crossmark Global Holdings Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 11.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,921 shares of the construction company's stock after purchasing an additional 14,443 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in D.R. Horton were worth $17,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in shares of D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after purchasing an additional 511 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the period. OneAscent Financial Services LLC grew its holdings in shares of D.R. Horton by 21.2% in the 4th quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock valued at $465,000 after acquiring an additional 582 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of D.R. Horton by 6.5% in the 1st quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock valued at $270,000 after acquiring an additional 129 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of D.R. Horton by 34.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company's stock valued at $5,875,000 after acquiring an additional 11,905 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI stock traded up $4.80 during mid-day trading on Wednesday, hitting $136.17. 2,160,736 shares of the company were exchanged, compared to its average volume of 3,131,100. The business has a 50 day simple moving average of $124.40 and a 200-day simple moving average of $129.28. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $41.83 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 4.09 and a beta of 1.38. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $3.52 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. D.R. Horton's payout ratio is 12.11%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. BTIG Research decreased their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Royal Bank Of Canada decreased their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $151.15.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.