Phoenix Financial Ltd. Cuts Position in D.R. Horton, Inc. $DHI

Phoenix Financial Ltd. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,366 shares of the construction company’s stock after selling 4,000 shares during the period. Phoenix Financial Ltd.’s holdings in D.R. Horton were worth $4,949,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Concord Wealth Partners acquired a new stake in D.R. Horton in the third quarter valued at $25,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $27,000. Elevated Capital Advisors LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $27,000. Ameriflex Group Inc. acquired a new stake in D.R. Horton in the third quarter valued at $31,000. Finally, First Horizon Corp grew its holdings in D.R. Horton by 81.3% in the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on 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 upped their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Bank of America set a $158.00 target price on D.R. Horton in a report on Wednesday, January 21st. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Citigroup increased their price objective on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Down 2.7%

DHI opened at $135.54 on Friday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The firm has a market cap of $38.44 billion, a P/E ratio of 12.70, a PEG ratio of 1.95 and a beta of 1.41. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The business’s fifty day simple moving average is $144.55 and its 200 day simple moving average is $149.81.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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 analyst estimates 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 revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors 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 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio is 16.87%.

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.