D.R. Horton, Inc. $DHI Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 37.4% during the first quarter, HoldingsChannel.com reports. The firm owned 10,364 shares of the construction company’s stock after selling 6,184 shares during the period. Twin Capital Management Inc.’s holdings in D.R. Horton were worth $1,422,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DHI. Core Wealth Advisors LLC purchased a new stake in D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $26,000. Sound Income Strategies LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $27,000. Elevated Capital Advisors LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in 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. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Barclays upped their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Truist Financial raised their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Five equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $168.62.

D.R. Horton Stock Up 1.1%

DHI stock opened at $151.66 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The company’s 50 day simple moving average is $150.35 and its 200-day simple moving average is $150.36. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54. The firm has a market capitalization of $43.01 billion, a PE ratio of 14.21, a P/E/G ratio of 2.10 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the firm posted $2.58 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed 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 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is currently 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.