Los Angeles Capital Management LLC Sells 66,907 Shares of D.R. Horton, Inc. $DHI

Los Angeles Capital Management LLC cut its position in D.R. Horton, Inc. (NYSE:DHI) by 48.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,586 shares of the construction company’s stock after selling 66,907 shares during the period. Los Angeles Capital Management LLC’s holdings in D.R. Horton were worth $10,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton in the second quarter valued at $302,000. Brown Advisory Inc. grew its position in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Citigroup boosted their target price on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Truist Financial boosted their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Trading Down 0.8%

Shares of DHI stock opened at $144.41 on Tuesday. The stock has a market capitalization of $40.95 billion, a PE ratio of 13.53, a P/E/G ratio of 2.04 and a beta of 1.38. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The business has a 50-day moving average of $145.63 and a 200 day moving average of $149.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. 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 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.