OneAscent Investment Solutions LLC Makes New $507,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• OneAscent Investment Solutions LLC has acquired a new position in D.R. Horton, buying 3,986 shares valued at approximately $507,000 during the first quarter of the year.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, exceeding analysts' estimates of $2.90, with revenues of $9.23 billion, which is a 7.4% decline year-over-year.
• The company's quarterly dividend has been set at $0.40 per share, representing a yield of 1.0%, payable on August 14th to shareholders recorded by August 7th.

OneAscent Investment Solutions LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,986 shares of the construction company's stock, valued at approximately $507,000.

Several other institutional investors also recently made changes to their positions in DHI. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $26,000. Bayforest Capital Ltd boosted its holdings in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Alpine Bank Wealth Management bought a new position in shares of D.R. Horton in the first quarter valued at approximately $61,000. Finally, Continuum Advisory LLC raised its position in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Barclays lowered their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, UBS Group lifted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Up 1.2%

NYSE DHI traded up $2.02 on Friday, reaching $165.92. The company had a trading volume of 5,928,597 shares, compared to its average volume of 4,590,231. The firm has a market capitalization of $49.46 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 3.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company's fifty day moving average is $138.23 and its 200-day moving average is $130.22.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the firm posted $4.10 EPS. The company's revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's payout ratio is 12.83%.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.