Truist Financial Corp Sells 32,336 Shares of D.R. Horton, Inc. $DHI

Key Points

• Truist Financial Corp reduced its D.R. Horton stake by 14.9% in Q4, selling 32,336 shares and retaining 184,560 shares worth about $26.58 million, while institutional investors hold roughly 90.63% of the stock.
• D.R. Horton beat estimates with Q1 EPS of $2.24 vs. $2.15 and revenue of $7.56B (down 2.3% YoY), announced a $0.45 quarterly dividend (annualized $1.80, 1.2% yield), and carries a consensus "Hold" rating with a $168.54 average price target.

Truist Financial Corp lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,560 shares of the construction company's stock after selling 32,336 shares during the period. Truist Financial Corp owned 0.06% of D.R. Horton worth $26,582,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DHI. Capital World Investors grew its holdings in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company's stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Capital International Investors purchased a new position in D.R. Horton in the 3rd quarter worth approximately $395,179,000. Boston Partners purchased a new position in D.R. Horton in the 3rd quarter worth approximately $274,784,000. Viking Global Investors LP increased its holdings in shares of D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock worth $364,461,000 after buying an additional 1,469,978 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company's stock valued at $151,375,000 after buying an additional 790,475 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business'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 value of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company's stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $149.07 on Thursday. The firm has a fifty day simple moving average of $146.60 and a two-hundred day simple moving average of $150.47. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The company has a market capitalization of $42.27 billion, a PE ratio of 13.97, a P/E/G ratio of 2.05 and a beta of 1.41.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion for the quarter, compared to analysts' expectations of $7.55 billion. During the same period last year, the firm earned $2.58 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton's payout ratio is 16.87%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHI. Zacks Research upgraded shares of D.R. Horton from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. Citizens Jmp reaffirmed a "market perform" rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Wells Fargo & Company upped their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 22nd. BTIG Research set a $182.00 price objective on D.R. Horton in a research report on Wednesday, January 21st. Finally, Barclays raised their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an "equal weight" rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $168.54.

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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