D.R. Horton, Inc. (NYSE:DHI) Stock Position Lifted by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,171 shares of the construction company’s stock after purchasing an additional 2,777 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in D.R. Horton were worth $9,252,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coastline Trust Co bought a new position in shares of D.R. Horton in the third quarter worth $26,000. Golden State Wealth Management LLC bought a new position in D.R. Horton during the fourth quarter valued at about $30,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the fourth quarter valued at about $38,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. The Goldman Sachs Group decreased their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Citigroup decreased their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Down 0.4 %

DHI opened at $133.42 on Friday. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The business has a 50-day moving average of $136.37 and a 200-day moving average of $161.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market capitalization of $42.04 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.