Smithbridge Asset Management Inc. DE Reduces Stock Holdings in D.R. Horton, Inc. $DHI

Smithbridge Asset Management Inc. DE lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 52.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,263 shares of the construction company’s stock after selling 3,539 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in D.R. Horton were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital World Investors raised its position in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after acquiring an additional 6,695,592 shares during the last quarter. Capital Research Global Investors grew its position in shares of D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $649,305,000. Morgan Stanley increased its stake in shares of D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after purchasing an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of D.R. Horton by 4.5% during the 4th quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock worth $507,441,000 after purchasing an additional 151,144 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on DHI. 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. Barclays upped their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group increased their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial lifted their price objective 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. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $158.45 on Friday. The company has a market cap of $44.93 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.19 and a beta of 1.36. The business has a fifty day simple moving average of $150.99 and a 200-day simple moving average of $150.19. D.R. Horton, Inc. has a 52 week low of $129.11 and a 52 week high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the company posted $2.58 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is 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.