D.R. Horton, Inc. $DHI is Greenhaven Associates Inc.’s 5th Largest Position

Greenhaven Associates Inc. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,484,146 shares of the construction company’s stock after selling 153,617 shares during the period. D.R. Horton makes up approximately 8.1% of Greenhaven Associates Inc.’s holdings, making the stock its 5th biggest holding. Greenhaven Associates Inc. owned 1.20% of D.R. Horton worth $501,822,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Concord Wealth Partners acquired a new stake in shares of D.R. Horton in the 3rd quarter worth $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton in the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in D.R. Horton in the second quarter valued at about $29,000. Finally, Ameriflex Group Inc. acquired a new stake in D.R. Horton in the third quarter worth about $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DHI. The Goldman Sachs Group restated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Citigroup lowered their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Bank of America set a $158.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Finally, UBS Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $159.93.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were 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 directly owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by company insiders.

D.R. Horton Trading Down 3.7%

D.R. Horton stock opened at $132.91 on Friday. The stock has a 50-day moving average price of $154.10 and a 200 day moving average price of $155.49. The company has a market capitalization of $38.51 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.43. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the company earned $2.61 EPS. D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. Sell-side analysts anticipate 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. Stockholders of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. D.R. Horton’s dividend payout ratio is presently 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.