HM Payson & Co. Trims Stock Position in D.R. Horton, Inc. $DHI

HM Payson & Co. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,195 shares of the construction company’s stock after selling 7,449 shares during the period. HM Payson & Co.’s holdings in D.R. Horton were worth $24,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DHI. Norges Bank purchased a new position in D.R. Horton in the second quarter worth approximately $494,278,000. Berkshire Hathaway Inc purchased a new stake in D.R. Horton in the 2nd quarter valued at about $191,491,000. Viking Global Investors LP lifted its position in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in D.R. Horton by 42.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after buying an additional 846,085 shares during the last quarter. Finally, Amundi boosted its stake in D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock worth $266,811,000 after buying an additional 817,998 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHI. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Bank of America decreased their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Citigroup reiterated a “market outperform” rating on shares of D.R. Horton in a report on Thursday, October 30th. Royal Bank Of Canada increased their target price on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company dropped their target price on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.08.

D.R. Horton Stock Down 0.2%

Shares of NYSE DHI opened at $146.31 on Monday. The stock has a market cap of $42.59 billion, a P/E ratio of 12.62, a PEG ratio of 1.74 and a beta of 1.38. The business’s fifty day simple moving average is $150.49 and its 200-day simple moving average is $152.16. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.92 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $0.45 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, November 13th. D.R. Horton’s payout ratio is presently 15.53%.

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.