TD Asset Management Inc Cuts Stock Position in D.R. Horton, Inc. $DHI

TD Asset Management Inc trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 41.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 523,551 shares of the construction company’s stock after selling 369,675 shares during the quarter. TD Asset Management Inc’s holdings in D.R. Horton were worth $75,407,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Capital World Investors boosted its stake in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton during the 4th quarter valued at $649,305,000. Invesco Ltd. boosted its stake in D.R. Horton by 18.1% during the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock valued at $571,456,000 after purchasing an additional 517,752 shares during the last quarter. Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the last quarter. Finally, Capital International Investors purchased a new stake in D.R. Horton during the 3rd quarter valued at $395,179,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE DHI opened at $145.85 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $145.46 and its two-hundred day moving average is $149.52. The stock has a market cap of $41.36 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.05 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $119.54 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.94% and a net margin of 9.51%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.58 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend 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 (DPR) is currently 16.87%.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Truist Financial increased their price target on D.R. Horton from $140.00 to $150.00 and gave the company 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. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.54.

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.