D.A. Davidson & CO. Increases Stake in D.R. Horton, Inc. $DHI

D.A. Davidson & CO. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 13.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,515 shares of the construction company's stock after acquiring an additional 11,328 shares during the quarter. D.A. Davidson & CO.'s holdings in D.R. Horton were worth $13,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Concord Wealth Partners purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $25,000. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $27,000. Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $27,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DHI shares. Citizens Jmp restated a "market perform" rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. BTIG Research set a $182.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Bank of America set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Finally, Truist Financial upped their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $168.54.

D.R. Horton Stock Down 0.2%

DHI opened at $159.54 on Tuesday. The stock has a market capitalization of $46.22 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.54 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The firm has a 50 day moving average price of $147.96 and a 200-day moving average price of $150.54.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analysts' expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.58 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 10.53 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton's dividend payout ratio (DPR) is currently 16.87%.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of the firm's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company's stock.

D.R. Horton Profile

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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