Crossmark Global Holdings Inc. Purchases 10,576 Shares of D.R. Horton, Inc. $DHI

Key Points

• Crossmark Global Holdings increased its stake in D.R. Horton by 7.5%, purchasing 10,576 shares to hold 150,802 shares valued at about $25.56 million (≈0.05% of the company).
• D.R. Horton beat Q estimates, reporting EPS of $2.03 versus a $1.98 consensus and revenue of $6.89 billion versus $6.66 billion, though revenue was down 9.5% year-over-year.
• The company declared a quarterly dividend of $0.45 (annualized $1.80) for a yield of 1.2% and a payout ratio of 16.35%.

Crossmark Global Holdings Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 150,802 shares of the construction company's stock after buying an additional 10,576 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.05% of D.R. Horton worth $25,556,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Concord Wealth Partners purchased a new stake in shares of D.R. Horton during the third quarter valued at $25,000. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the third quarter worth approximately $27,000. Westfuller Advisors LLC purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $34,000. Finally, Westside Investment Management Inc. lifted its position in D.R. Horton by 100.0% during the third quarter. Westside Investment Management Inc. now owns 206 shares of the construction company's stock valued at $36,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $152.80 on Thursday. The company has a market cap of $44.27 billion, a P/E ratio of 13.88, a P/E/G ratio of 2.36 and a beta of 1.43. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm's fifty day moving average is $155.03 and its two-hundred day moving average is $157.54.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The business's revenue was down 9.5% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton's payout ratio is currently 16.35%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of D.R. Horton in a research note on Monday, December 29th. The Goldman Sachs Group reissued a "buy" rating and issued a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Argus boosted their price target on D.R. Horton from $175.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, January 23rd. Evercore upped their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the company an "in-line" rating in a report on Wednesday, January 21st. Finally, Truist Financial set a $155.00 target price on D.R. Horton and gave the stock a "hold" rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $159.93.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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