Global Retirement Partners LLC Takes Position in D.R. Horton, Inc. $DHI

Key Points

• Global Retirement Partners bought 7,311 shares of D.R. Horton during the second quarter, valued at approximately $1.19 million. Institutional investors collectively own 90.63% of the company.
• Analysts maintain a generally cautious outlook, with five Buy ratings and ten Hold ratings; the consensus rating is Hold with a $166.92 price target.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue. The company also declared a quarterly dividend of $0.45 per share, representing a 1.2% yield.

Global Retirement Partners LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,311 shares of the construction company's stock, valued at approximately $1,191,000.

A number of other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC grew its stake in D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company's stock worth $2,635,000 after buying an additional 3,726 shares during the last quarter. Vise Technologies Inc. boosted its holdings in D.R. Horton by 132.9% in the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company's stock worth $2,150,000 after acquiring an additional 8,517 shares in the last quarter. Calamos Advisors LLC grew its stake in shares of D.R. Horton by 25.8% during the fourth quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company's stock worth $29,013,000 after acquiring an additional 41,249 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of D.R. Horton by 94.1% during the first quarter. California Public Employees Retirement System now owns 880,665 shares of the construction company's stock worth $120,845,000 after acquiring an additional 426,886 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of D.R. Horton by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company's stock valued at $422,734,000 after acquiring an additional 21,514 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHI has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. UBS Group boosted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a "buy" rating in a report on Wednesday, April 22nd. Truist Financial raised their target price 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. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Citigroup reissued a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Trading Down 0.3%

DHI stock opened at $148.36 on Tuesday. The stock has a market cap of $41.50 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The business's 50-day moving average is $152.05 and its 200 day moving average is $149.79. 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 released 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. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm earned $3.36 EPS. D.R. Horton's quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

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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