D.R. Horton, Inc. $DHI Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its D.R. Horton position by 99.3% in the third quarter, selling 236,723 shares and retaining 1,728 shares worth approximately $236,000.
• Institutional ownership remains high at 90.63%, with several major investors—including BlackRock, Bank of America and UBS—adding to their positions.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $156.36, compared with the stock’s reported price of $139.20. D.R. Horton also reported quarterly EPS of $3.20, beating estimates, and pays a $0.45 quarterly dividend.

Curated Wealth Partners LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 99.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,728 shares of the construction company's stock after selling 236,723 shares during the quarter. Curated Wealth Partners LLC's holdings in D.R. Horton were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $4,067,842,000. Bank of America Corp DE lifted its holdings in shares of D.R. Horton by 10.7% in the 1st quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company's stock worth $442,766,000 after purchasing an additional 312,303 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of D.R. Horton by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company's stock worth $422,734,000 after purchasing an additional 21,514 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of D.R. Horton by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company's stock worth $472,969,000 after purchasing an additional 122,434 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in D.R. Horton by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company's stock valued at $295,789,000 after purchasing an additional 48,723 shares during the period. Institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DHI shares. The Goldman Sachs Group restated a "buy" rating and set a $182.00 price target on shares of D.R. Horton in a research note on Monday, October 12th. Melius Research began coverage on shares of D.R. Horton in a research note on Tuesday, October 6th. They issued a "sell" rating and a $128.00 price objective on the stock. BTIG Research reaffirmed a "buy" rating and issued a $174.00 price objective on shares of D.R. Horton in a research note on Tuesday, September 22nd. Morgan Stanley assumed coverage on shares of D.R. Horton in a report on Thursday, October 1st. They set an "equal weight" rating and a $151.00 price objective for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $167.00 to $160.00 and set a "market perform" rating for the company in a research report on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $156.36.

D.R. Horton Trading Down 0.1%

NYSE DHI opened at $139.20 on Monday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $141.57 and a 200 day simple moving average of $146.52. D.R. Horton, Inc. has a 12 month low of $130.40 and a 12 month high of $170.79. The firm has a market capitalization of $38.93 billion, a P/E ratio of 13.24, a PEG ratio of 2.16 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm earned $3.36 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post 10.43 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

D.R. Horton Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company's operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.

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