Sunpointe LLC Invests $1.22 Million in D.R. Horton, Inc. $DHI

Key Points

• Sunpointe LLC opened a new position of 7,189 D.R. Horton shares valued at about $1.22 million in Q3, amid overall institutional ownership of 90.63%.
• D.R. Horton beat quarterly EPS ($2.03 vs. $1.98) and revenue ($6.89B vs. $6.66B) but saw revenue decline 9.5% year-over-year; analysts’ consensus is a Hold with an average price target of $159.93 (4 Buy / 9 Hold / 4 Sell).
• The company yields $0.45 per quarter (annualized $1.80, ~1.2% yield), trades at a PE of 13.62 with a $43.44 billion market cap, and has a 12‑month trading range of $110.44–$184.54.

Sunpointe LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,189 shares of the construction company's stock, valued at approximately $1,218,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $25,000. Canton Hathaway LLC bought a new position in D.R. Horton during the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton in the third quarter worth $27,000. Westfuller Advisors LLC bought a new stake in D.R. Horton in the third quarter valued at $34,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of D.R. Horton by 100.0% during the third quarter. Westside Investment Management Inc. now owns 206 shares of the construction company's stock valued at $36,000 after acquiring an additional 103 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group set a $163.00 price objective on shares of D.R. Horton in a report on Tuesday, January 27th. Keefe, Bruyette & Woods restated a "reduce" rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of D.R. Horton in a report on Monday, December 29th. Argus boosted their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. Finally, Truist Financial set a $155.00 target price on D.R. Horton and gave the company a "hold" rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $159.93.

D.R. Horton Price Performance

NYSE DHI opened at $149.96 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The firm has a market capitalization of $43.44 billion, a PE ratio of 13.62, a P/E/G ratio of 2.36 and a beta of 1.43. The company's 50 day simple moving average is $155.09 and its 200 day simple moving average is $157.49.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results 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 firm had revenue of $6.89 billion for the quarter, compared to analysts' expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is 16.35%.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of the business's stock in a transaction that occurred on Friday, February 13th. The shares were 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 in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by corporate insiders.

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.

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