Montag A & Associates Inc. Purchases Shares of 6,895 D.R. Horton, Inc. $DHI

Montag A & Associates Inc. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,895 shares of the construction company’s stock, valued at approximately $1,168,000.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its position in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton in the second quarter valued at about $302,000. Hantz Financial Services Inc. raised its holdings in shares of D.R. Horton by 1,678.9% in the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares during the last quarter. Finally, Ellevest Inc. lifted its position in shares of D.R. Horton by 8.6% during the second quarter. Ellevest Inc. now owns 2,675 shares of the construction company’s stock valued at $345,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial set a $155.00 price objective on shares of D.R. Horton and gave the company a “hold” rating in a research note on Tuesday. UBS Group set a $163.00 target price on D.R. Horton in a report on Tuesday, January 27th. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Barclays cut their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Finally, Bank of America set a $158.00 target price on D.R. Horton in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $159.93.

D.R. Horton Price Performance

D.R. Horton stock opened at $152.80 on Thursday. The business’s 50 day simple moving average is $155.03 and its 200 day simple moving average is $157.54. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 2.36 and a beta of 1.43. 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 (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

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.