Sivia Capital Partners LLC Boosts Stock Position in D.R. Horton, Inc. $DHI

Sivia Capital Partners LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 173.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,264 shares of the construction company’s stock after buying an additional 5,243 shares during the period. Sivia Capital Partners LLC’s holdings in D.R. Horton were worth $1,190,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lido Advisors LLC lifted its holdings in D.R. Horton by 3.2% in the 4th quarter. Lido Advisors LLC now owns 35,642 shares of the construction company’s stock worth $5,134,000 after purchasing an additional 1,117 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in D.R. Horton by 60.5% in the 4th quarter. CIBC Asset Management Inc now owns 66,126 shares of the construction company’s stock worth $9,524,000 after purchasing an additional 24,923 shares in the last quarter. Marble Wealth LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $605,000. Bank of New York Mellon Corp lifted its holdings in D.R. Horton by 25.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,889,442 shares of the construction company’s stock worth $272,136,000 after purchasing an additional 379,577 shares in the last quarter. Finally, Heritage Trust Co lifted its holdings in D.R. Horton by 6.8% in the 4th quarter. Heritage Trust Co now owns 11,865 shares of the construction company’s stock worth $1,709,000 after purchasing an additional 751 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DHI shares. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Truist Financial boosted their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Wells Fargo & Company boosted their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Four research 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 presently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

DHI stock opened at $144.70 on Thursday. D.R. Horton, Inc. has a 52 week low of $118.65 and a 52 week high of $184.54. The firm has a market capitalization of $41.03 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.37. The company has a fifty day simple moving average of $145.13 and a two-hundred day simple moving average of $149.51. 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 issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the company posted $2.58 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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