Truist Financial Corp Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Truist Financial Corp decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,435 shares of the construction company’s stock after selling 14,364 shares during the period. Truist Financial Corp’s holdings in D.R. Horton were worth $8,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton during the 1st quarter valued at approximately $28,000. SeaCrest Wealth Management LLC purchased a new position in D.R. Horton in the 2nd quarter valued at $30,000. Arlington Partners LLC lifted its holdings in D.R. Horton by 300.0% in the 2nd quarter. Arlington Partners LLC now owns 480 shares of the construction company’s stock valued at $32,000 after purchasing an additional 360 shares in the last quarter. Larson Financial Group LLC lifted its holdings in D.R. Horton by 65.6% in the 2nd quarter. Larson Financial Group LLC now owns 515 shares of the construction company’s stock valued at $34,000 after purchasing an additional 204 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in D.R. Horton by 93.4% in the 2nd quarter. Allworth Financial LP now owns 582 shares of the construction company’s stock valued at $39,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

D.R. Horton Stock Up 0.9 %

Shares of NYSE:DHI opened at $93.58 on Wednesday. The business has a 50-day moving average price of $85.43 and a 200 day moving average price of $77.35. The company has a current ratio of 5.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $32.24 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.12 and a beta of 1.49. D.R. Horton, Inc. has a 12-month low of $59.25 and a 12-month high of $104.16.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The construction company reported $4.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.06 by ($0.39). The business had revenue of $9.64 billion for the quarter, compared to analyst estimates of $9.97 billion. D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.70 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 9.32 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, December 2nd were given a $0.25 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, December 1st. D.R. Horton’s payout ratio is currently 6.05%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DHI. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Monday. BTIG Research raised their price objective on D.R. Horton from $90.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, December 6th. Wedbush reduced their price target on D.R. Horton from $97.00 to $83.00 and set an “outperform” rating on the stock in a report on Monday, October 10th. KeyCorp lifted their price target on D.R. Horton from $84.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, November 14th. Finally, Royal Bank of Canada reduced their price target on D.R. Horton from $70.00 to $68.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.46.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of D.R. Horton stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total value of $2,690,400.00. Following the completion of the transaction, the chief operating officer now directly owns 76,185 shares of the company’s stock, valued at approximately $6,832,270.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of D.R. Horton stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total value of $2,690,400.00. Following the completion of the transaction, the chief operating officer now directly owns 76,185 shares of the company’s stock, valued at approximately $6,832,270.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 470 shares of D.R. Horton stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $84.86, for a total value of $39,884.20. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $479,459. The disclosure for this sale can be found here. Insiders sold a total of 33,770 shares of company stock valued at $3,011,976 in the last three months. 0.61% of the stock is owned by corporate insiders.

About D.R. Horton

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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 106 markets across 33 states under the names of D.R.

Further Reading

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

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