Legal & General Group Plc Sells 128,657 Shares of D.R. Horton, Inc. $DHI

Legal & General Group Plc decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,619,205 shares of the construction company’s stock after selling 128,657 shares during the period. Legal & General Group Plc owned about 0.56% of D.R. Horton worth $233,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in shares of D.R. Horton in the third quarter worth approximately $25,000. Sound Income Strategies LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $27,000. Ameriflex Group Inc. bought a new position in shares of D.R. Horton in the third quarter worth approximately $31,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $27,000. Finally, Westside Investment Management Inc. grew its holdings in shares of D.R. Horton by 100.0% in the third quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock worth $36,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $147.66 on Thursday. The stock has a market cap of $41.87 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.04 and a beta of 1.41. The firm’s fifty day simple moving average is $144.24 and its 200 day simple moving average is $149.46. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. 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 (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Wall Street Analyst Weigh In

DHI has been the topic of several recent analyst reports. UBS Group lifted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Truist Financial lifted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.54.

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.