Eventide Asset Management LLC Lowers Position in D.R. Horton, Inc. $DHI

Eventide Asset Management LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 427,045 shares of the construction company’s stock after selling 28,629 shares during the period. D.R. Horton comprises about 1.0% of Eventide Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Eventide Asset Management LLC owned approximately 0.15% of D.R. Horton worth $61,541,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $25,000. Sound Income Strategies LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $27,000. Elevated Capital Advisors LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $27,000. Wilkerson Advisory Group LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $30,000. Finally, Ameriflex Group Inc. bought a new stake in D.R. Horton during the third quarter valued at about $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DHI. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. 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 report on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, UBS Group raised their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Four investment 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 MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Down 0.3%

Shares of DHI stock opened at $154.00 on Friday. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $146.90 and its 200-day moving average price is $149.89. The stock has a market capitalization of $43.67 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $7.55 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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