Flagship Harbor Advisors LLC Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Posted by Defense World Staff on Mar 23rd, 2023

Flagship Harbor Advisors LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 95.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,309 shares of the construction company’s stock after purchasing an additional 3,561 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in D.R. Horton were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton during the 1st quarter valued at approximately $28,000. SeaCrest Wealth Management LLC purchased a new stake in shares of D.R. Horton during the second quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of D.R. Horton in the third quarter worth $41,000. Pacifica Partners Inc. purchased a new position in shares of D.R. Horton in the fourth quarter valued at $43,000. Finally, Alpha Paradigm Partners LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at $45,000. Institutional investors own 84.87% of the company’s stock.

Insider Activity

In other news, Director Barbara K. Allen sold 470 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $92.89, for a total value of $43,658.30. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $524,828.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction on Friday, January 27th. The shares were sold at an average price of $96.77, for a total value of $169,153.96. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $546,750.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 470 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $92.89, for a total transaction of $43,658.30. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $524,828.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,870 shares of company stock valued at $371,698. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DHI shares. Oppenheimer initiated coverage on D.R. Horton in a report on Wednesday, January 18th. They set a “market perform” rating for the company. BTIG Research increased their target price on shares of D.R. Horton from $101.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, January 25th. StockNews.com initiated coverage on shares of D.R. Horton in a research report on Thursday, March 16th. They set a “hold” rating for the company. Royal Bank of Canada downgraded D.R. Horton from a “sector perform” rating to an “underperform” rating and increased their price objective for the stock from $68.00 to $76.00 in a research report on Friday, January 13th. Finally, JMP Securities boosted their target price on D.R. Horton from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.27.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $95.71 on Thursday. The stock’s 50-day moving average is $95.57 and its 200 day moving average is $84.99. The stock has a market cap of $32.87 billion, a price-to-earnings ratio of 5.93, a P/E/G ratio of 0.69 and a beta of 1.51. D.R. Horton, Inc. has a 1-year low of $59.25 and a 1-year high of $104.14. The company has a current ratio of 6.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

D.R. Horton (NYSE:DHI – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The construction company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.27 by $0.49. D.R. Horton had a net margin of 16.85% and a return on equity of 29.91%. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period last year, the firm posted $3.17 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 9.1 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.04%. D.R. Horton’s payout ratio is 6.20%.

D.R. Horton Profile

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D.R. Horton, Inc operates as a home building company, which engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, Rental, and Others. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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