D.R. Horton, Inc. $DHI Holdings Trimmed by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 28.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 49,826 shares of the construction company’s stock after selling 19,386 shares during the period. Philadelphia Trust Co.’s holdings in D.R. Horton were worth $6,809,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DHI. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the second quarter valued at $4,067,842,000. Bank of America Corp DE purchased a new position in shares of D.R. Horton during the second quarter valued at $477,358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of D.R. Horton by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock valued at $472,969,000 after buying an additional 122,434 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of D.R. Horton by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock valued at $422,734,000 after buying an additional 21,514 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in D.R. Horton by 2.3% during the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock valued at $295,789,000 after buying an additional 48,723 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 3.8%

Shares of NYSE:DHI opened at $149.72 on Wednesday. The firm has a fifty day moving average of $141.46 and a two-hundred day moving average of $147.52. The company has a quick ratio of 0.95, a current ratio of 6.01 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The firm has a market capitalization of $41.88 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same period last year, the company posted $3.04 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 10.62 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.3%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, November 12th. D.R. Horton’s dividend payout ratio is presently 17.75%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DHI shares. Bank of America reduced their price objective on D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Citigroup raised their price objective on D.R. Horton from $150.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Barclays lowered their target price on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Morgan Stanley dropped their target price on D.R. Horton from $151.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 3rd. Finally, Truist Financial reduced their price target on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.33.

D.R. Horton Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.