Mackenzie Financial Corp Boosts Holdings in D.R. Horton, Inc. $DHI

Key Points

• Mackenzie Financial increased its stake in D.R. Horton by 50% in Q3, buying 67,485 shares to hold 202,454 shares (about 0.07% of the company) valued at roughly $34.31 million.
• D.R. Horton slightly beat quarterly expectations with $2.03 EPS (vs. $1.98 est.) and $6.89B revenue (vs. $6.66B est.), but revenue was down 9.5% year‑over‑year.
• The stock has a consensus analyst rating of “Hold” with an average target of about $159.93; shares trade near $138.83, with a P/E of 12.6, $40.2B market cap and a $0.45 quarterly dividend (≈1.3% yield).

Mackenzie Financial Corp lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 50.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 202,454 shares of the construction company's stock after acquiring an additional 67,485 shares during the quarter. Mackenzie Financial Corp owned 0.07% of D.R. Horton worth $34,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Concord Wealth Partners purchased a new position in D.R. Horton in the 3rd quarter worth $25,000. Canton Hathaway LLC purchased a new stake in D.R. Horton during the third quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton during the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton during the second quarter valued at about $29,000. Finally, Ameriflex Group Inc. bought a new position in shares of D.R. Horton during the third quarter valued at about $31,000. Institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial set a $155.00 target price on D.R. Horton and gave the company a "hold" rating in a research note on Tuesday, March 3rd. The Goldman Sachs Group restated a "buy" rating and set a $195.00 price target on shares of D.R. Horton in a research report on Tuesday, January 13th. Citigroup decreased their price target on D.R. Horton from $163.00 to $154.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. Keefe, Bruyette & Woods reissued a "reduce" rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, UBS Group reaffirmed a "buy" rating on shares of D.R. Horton in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $159.93.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $138.83 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The stock has a market capitalization of $40.22 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.20 and a beta of 1.43. The company's 50-day moving average is $155.02 and its 200 day moving average is $156.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business posted $2.61 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton's dividend payout ratio (DPR) is presently 16.35%.

D.R. Horton Company 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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