Focus Partners Advisor Solutions LLC Buys New Stake in D.R. Horton, Inc. $DHI

Key Points

• Focus Partners Advisor Solutions purchased 7,819 shares of D.R. Horton worth approximately $1.27 million, while institutional investors and hedge funds collectively own 90.63% of the stock.
• Analyst sentiment remains mixed but leans toward caution: D.R. Horton has a consensus “Hold” rating and an average price target of $166.92, despite Goldman Sachs maintaining a “Buy” rating.
• D.R. Horton exceeded quarterly expectations with $3.20 in earnings per share and $9.23 billion in revenue. The company also paid a quarterly dividend of $0.45 per share, equivalent to a 1.2% annual yield.

Focus Partners Advisor Solutions LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,819 shares of the construction company's stock, valued at approximately $1,274,000.

A number of other large investors also recently added to or reduced their stakes in DHI. First Manhattan CO. LLC. grew its stake in shares of D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company's stock valued at $511,000 after buying an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company's stock worth $103,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock worth $48,000 after acquiring an additional 72 shares in the last quarter. AMG National Trust Bank boosted its holdings in D.R. Horton by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company's stock valued at $1,570,000 after acquiring an additional 74 shares during the period. Finally, AdvisorShares Investments LLC boosted its stake in shares of D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company's stock valued at $480,000 after purchasing an additional 77 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. Truist Financial upped their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, April 22nd. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Citigroup restated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Barclays lifted their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Price Performance

D.R. Horton stock opened at $148.89 on Monday. The stock has a market cap of $41.64 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The company has a fifty day simple moving average of $151.97 and a 200-day simple moving average of $149.80. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.36 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton's payout ratio is presently 17.13%.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source