J. Safra Sarasin Holding AG Acquires New Holdings in D.R. Horton, Inc. $DHI

J. Safra Sarasin Holding AG bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,774 shares of the construction company’s stock, valued at approximately $832,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its position in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares during the last quarter. Geneos Wealth Management Inc. raised its position in D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton during the second quarter valued at about $302,000. American Century Companies Inc. boosted its stake in shares of D.R. Horton by 14.2% during the second quarter. American Century Companies Inc. now owns 109,601 shares of the construction company’s stock valued at $14,130,000 after purchasing an additional 13,591 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of D.R. Horton by 27.9% during the second quarter. J.W. Cole Advisors Inc. now owns 2,552 shares of the construction company’s stock worth $329,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DHI. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. BTIG Research set a $182.00 target price on shares of D.R. Horton in a report on Wednesday, January 21st. Argus upped their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. UBS Group reiterated a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Finally, Truist Financial set a $155.00 price objective on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton 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 directly 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. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

DHI stock opened at $138.34 on Thursday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $40.08 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.12 and a beta of 1.44. The company’s fifty day simple moving average is $150.68 and its 200 day simple moving average is $153.04. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the business posted $2.61 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. On average, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid 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 1.3%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

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.