Ieq Capital LLC Boosts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Posted by Defense World Staff on Apr 30th, 2023

Ieq Capital LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,207 shares of the construction company’s stock after purchasing an additional 145 shares during the quarter. Ieq Capital LLC’s holdings in D.R. Horton were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Hodges Capital Management Inc. purchased a new stake in D.R. Horton in the fourth quarter valued at $209,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of D.R. Horton during the 4th quarter worth about $241,000. Fiducient Advisors LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth about $731,000. Ellevest Inc. boosted its stake in shares of D.R. Horton by 24.8% during the 4th quarter. Ellevest Inc. now owns 4,919 shares of the construction company’s stock worth $438,000 after acquiring an additional 976 shares in the last quarter. Finally, GMT Capital Corp boosted its stake in shares of D.R. Horton by 89.0% during the 4th quarter. GMT Capital Corp now owns 44,600 shares of the construction company’s stock worth $3,976,000 after acquiring an additional 21,000 shares in the last quarter. 84.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $99.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, April 21st. Barclays increased their target price on shares of D.R. Horton from $114.00 to $131.00 and gave the stock an “overweight” rating in a research note on Friday, April 21st. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. StockNews.com initiated coverage on shares of D.R. Horton in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Bank of America raised their price target on shares of D.R. Horton from $116.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $109.77.

D.R. Horton Stock Up 1.4 %

DHI stock opened at $109.82 on Friday. The firm has a market cap of $37.46 billion, a PE ratio of 7.41, a PEG ratio of 0.71 and a beta of 1.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 6.80. The firm’s 50 day moving average price is $97.28 and its 200-day moving average price is $90.49. D.R. Horton, Inc. has a one year low of $59.25 and a one year high of $110.37.

D.R. Horton (NYSE:DHI – Get Rating) last released its quarterly earnings results on Thursday, April 20th. The construction company reported $2.73 EPS for the quarter, beating the consensus estimate of $1.90 by $0.83. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $6.48 billion. D.R. Horton had a net margin of 15.39% and a return on equity of 25.94%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.03 EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 9.87 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 10th. Stockholders of record on Wednesday, May 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, May 2nd. D.R. Horton’s payout ratio is presently 6.74%.

Insider Activity

In other news, Director Barbara K. Allen sold 470 shares of D.R. Horton stock in a transaction that occurred 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 approximately $524,828.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other D.R. Horton news, VP Aron M. Odom sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $96.16, for a total value of $96,160.00. Following the sale, the vice president now owns 3,083 shares of the company’s stock, valued at $296,461.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 470 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were 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 directly owns 5,650 shares in the company, valued at approximately $524,828.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,122 shares of company stock valued at $202,544. 0.61% of the stock is currently owned by company insiders.

D.R. Horton Company 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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