CX Institutional Has $8.42 Million Stake in D.R. Horton, Inc. $DHI

CX Institutional boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 20.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,677 shares of the construction company’s stock after buying an additional 8,862 shares during the period. CX Institutional’s holdings in D.R. Horton were worth $8,417,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth $26,000. Sound Income Strategies LLC bought a new stake in D.R. Horton in the fourth quarter valued at about $27,000. Elevated Capital Advisors LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Truist Financial upped their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. BTIG Research set a $184.00 target price on shares of D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.17.

D.R. Horton Stock Performance

Shares of DHI opened at $146.58 on Tuesday. The stock has a market capitalization of $41.00 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.27 and a beta of 1.36. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The firm has a fifty day simple moving average of $151.54 and a 200 day simple moving average of $150.21. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business earned $3.36 EPS. The company’s revenue was up .0% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

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.