Geode Capital Management LLC Reduces Position in D.R. Horton, Inc. $DHI

Geode Capital Management LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,191,534 shares of the construction company’s stock after selling 73,890 shares during the period. Geode Capital Management LLC’s holdings in D.R. Horton were worth $1,031,840,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Concord Wealth Partners purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $25,000. Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at $27,000. Elevated Capital Advisors LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at $27,000. Ameriflex Group Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $31,000. Finally, First Horizon Corp boosted its holdings in shares of D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DHI shares. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group upped their price objective 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. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial boosted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. 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. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $147.14 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The company has a fifty day moving average of $144.54 and a two-hundred day moving average of $149.46. The stock has a market capitalization of $41.73 billion, a PE ratio of 13.79, a P/E/G ratio of 2.06 and a beta of 1.41. D.R. Horton, Inc. has a fifty-two week low of $114.17 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion during 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business 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 was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 16.87%.

D.R. Horton 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.