Praxis Investment Management Inc. Reduces Position in D.R. Horton, Inc. $DHI

Praxis Investment Management Inc. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 71.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,940 shares of the construction company’s stock after selling 4,960 shares during the period. Praxis Investment Management Inc.’s holdings in D.R. Horton were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DHI. Capital World Investors boosted its stake in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after buying an additional 18,607,545 shares during the last quarter. Norges Bank bought a new stake in shares of D.R. Horton in the fourth quarter worth $649,305,000. Capital International Investors acquired a new stake in D.R. Horton in the third quarter valued at $395,179,000. Boston Partners acquired a new stake in D.R. Horton in the third quarter valued at $274,784,000. Finally, Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Truist Financial upped their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, Barclays increased their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Trading Down 0.9%

NYSE DHI opened at $155.41 on Wednesday. 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, Inc. has a one year low of $129.11 and a one year high of $184.54. The company has a 50-day simple moving average of $150.69 and a 200-day simple moving average of $150.24. The firm has a market capitalization of $44.07 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.19 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last released 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 firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 10.6 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s 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.