Vaughan Nelson Investment Management L.P. Has $22.57 Million Holdings in D.R. Horton, Inc. $DHI

Vaughan Nelson Investment Management L.P. raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,503 shares of the construction company’s stock after buying an additional 3,650 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in D.R. Horton were worth $22,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $27,000. Ameriflex Group Inc. bought a new position in D.R. Horton during the third quarter worth $31,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at $26,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at $27,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 1.1%

DHI stock opened at $156.08 on Tuesday. D.R. Horton, Inc. has a 52 week low of $122.83 and a 52 week high of $184.54. The company has a market capitalization of $44.26 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.38. The company’s 50-day simple moving average is $148.71 and its 200 day simple moving average is $149.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $2.58 EPS. The business’s revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DHI. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Truist Financial upped their price target 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. The Goldman Sachs Group raised their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.54.

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.