Ritholtz Wealth Management Has $3.87 Million Stake in D.R. Horton, Inc. $DHI

Key Points

• Ritholtz Wealth Management increased its stake in D.R. Horton by 173.3% in Q4, adding 17,039 shares to hold 26,870 shares valued at about $3.87 million.
• D.R. Horton beat Q4 estimates with $2.03 EPS (vs. $1.98) and $6.89B revenue (vs. $6.66B), but revenue was down 9.5% year-over-year and the consensus analyst rating is a Hold with an average target of $159.33.
• The company pays a quarterly dividend of $0.45 (annualized $1.80) for a yield of roughly 1.3% and a dividend payout ratio near 16.35%.

Ritholtz Wealth Management increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 173.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,870 shares of the construction company's stock after acquiring an additional 17,039 shares during the period. Ritholtz Wealth Management's holdings in D.R. Horton were worth $3,870,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DHI. Concord Wealth Partners acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $27,000. Sound Income Strategies LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at about $27,000. Finally, Ameriflex Group Inc. acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $142.63 on Friday. The stock has a 50 day moving average of $149.34 and a two-hundred day moving average of $151.68. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The company has a market capitalization of $41.32 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.22 and a beta of 1.44.

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

D.R. Horton Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DHI. Truist Financial set a $155.00 target price on D.R. Horton and gave the company a "hold" rating in a report on Tuesday, March 3rd. BTIG Research set a $182.00 target price on D.R. Horton in a report on Wednesday, January 21st. Zacks Research raised D.R. Horton from a "strong sell" rating to a "hold" rating in a report on Friday, March 27th. Wells Fargo & Company lowered their target price on D.R. Horton from $155.00 to $147.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, UBS Group reaffirmed a "buy" rating on shares of D.R. Horton in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $159.33.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by company insiders.

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.

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.