NewEdge Wealth LLC Trims Stock Holdings in D.R. Horton, Inc. $DHI

NewEdge Wealth LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 68.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,525 shares of the construction company’s stock after selling 9,802 shares during the quarter. NewEdge Wealth LLC’s holdings in D.R. Horton were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Core Wealth Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $25,000. Sound Income Strategies LLC purchased a new position in D.R. Horton during the fourth quarter valued at approximately $27,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $26,000. Elevated Capital Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth $27,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DHI. UBS Group increased their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $168.17.

D.R. Horton Trading Up 2.3%

DHI stock opened at $151.05 on Wednesday. The firm has a fifty day moving average price of $151.37 and a 200 day moving average price of $150.50. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The firm has a market cap of $42.25 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the business posted $3.36 earnings per share. D.R. Horton’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton, Inc. will post 10.54 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be issued a $0.45 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 17.13%.

D.R. Horton Company 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.