D.R. Horton, Inc. $DHI Shares Newly Bought by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 16,285 shares of D.R. Horton worth approximately $2.23 million, while institutional investors collectively own 90.63% of the company.
• D.R. Horton shares recently traded at $133.44, near their 12-month low of $130.40. The stock has a market capitalization of $37.32 billion and a P/E ratio of 12.70.
• The company exceeded quarterly earnings expectations with $3.20 in EPS versus a $3.02 consensus estimate and declared a quarterly dividend of $0.45. Analysts’ consensus rating is Hold, with an average price target of $158.79.

Sanders Morris Harris LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,285 shares of the construction company's stock, valued at approximately $2,225,000.

A number of other hedge funds have also recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in D.R. Horton by 27.9% during the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock valued at $48,000 after acquiring an additional 72 shares in the last quarter. Values First Advisors Inc. lifted its holdings in D.R. Horton by 1.6% in the first quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company's stock valued at $707,000 after acquiring an additional 80 shares during the period. GC Wealth Management RIA LLC boosted its position in D.R. Horton by 0.7% in the 1st quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company's stock worth $1,571,000 after purchasing an additional 81 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in D.R. Horton by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company's stock worth $505,000 after purchasing an additional 91 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in shares of D.R. Horton by 1.4% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,618 shares of the construction company's stock worth $1,078,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock traded down $2.01 during mid-day trading on Wednesday, reaching $133.44. 2,794,872 shares of the company's stock were exchanged, compared to its average volume of 2,699,575. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The stock's 50 day moving average is $142.30 and its 200 day moving average is $146.45. The company has a market cap of $37.32 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.35.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The business's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.36 earnings per share. On average, research analysts expect that D.R. Horton, Inc. will post 10.44 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DHI shares. Melius Research initiated coverage on shares of D.R. Horton in a report on Tuesday, October 6th. They set a "sell" rating and a $128.00 target price for the company. BTIG Research reissued a "buy" rating and set a $174.00 price target on shares of D.R. Horton in a report on Tuesday, September 22nd. The Goldman Sachs Group restated a "buy" rating and set a $182.00 price target on shares of D.R. Horton in a research report on Monday. Evercore set a $166.00 price objective on shares of D.R. Horton in a report on Friday, September 25th. Finally, Truist Financial cut their price objective on shares of D.R. Horton from $150.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $158.79.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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