D.R. Horton, Inc. $DHI Stock Position Cut by Tobam

Tobam trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,757 shares of the construction company’s stock after selling 3,449 shares during the quarter. Tobam’s holdings in D.R. Horton were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton in the fourth quarter worth approximately $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton during the 4th quarter valued at $27,000. Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. Finally, Ameriflex Group Inc. acquired a new position in shares of D.R. Horton during the 3rd quarter valued at $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $157.69 on Friday. The stock’s fifty day simple moving average is $148.46 and its 200 day simple moving average is $149.93. The stock has a market capitalization of $44.72 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.21 and a beta of 1.37. 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, Inc. has a 52-week low of $121.38 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DHI shares. Barclays upped their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. UBS Group upped 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. Truist Financial lifted their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. 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 investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price 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.