Core Alternative Capital Trims Stake in D.R. Horton, Inc. $DHI

Core Alternative Capital trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,674 shares of the construction company’s stock after selling 4,620 shares during the period. D.R. Horton makes up approximately 1.5% of Core Alternative Capital’s portfolio, making the stock its 25th biggest holding. Core Alternative Capital’s holdings in D.R. Horton were worth $5,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Phoenix Financial Ltd. increased its stake in D.R. Horton by 11.6% in the third quarter. Phoenix Financial Ltd. now owns 38,366 shares of the construction company’s stock valued at $6,503,000 after acquiring an additional 3,973 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in D.R. Horton by 6.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,764 shares of the construction company’s stock valued at $468,000 after buying an additional 157 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of D.R. Horton by 9.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 48,570 shares of the construction company’s stock worth $8,231,000 after purchasing an additional 4,002 shares during the last quarter. Callahan Advisors LLC boosted its holdings in D.R. Horton by 3.6% in the third quarter. Callahan Advisors LLC now owns 12,501 shares of the construction company’s stock valued at $2,119,000 after acquiring an additional 438 shares in the last quarter. Finally, OneAscent Wealth Management LLC grew its holdings in shares of D.R. Horton by 5.9% during the 3rd quarter. OneAscent Wealth Management LLC now owns 1,872 shares of the construction company’s stock worth $317,000 after acquiring an additional 105 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 0.9%

DHI stock opened at $148.60 on Wednesday. The company has a market cap of $43.05 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 2.20 and a beta of 1.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The business’s 50-day moving average is $151.63 and its two-hundred day moving average is $155.58. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 16.35%.

Analysts Set New Price Targets

DHI has been the topic of several recent research reports. Bank of America cut their price target on D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Citigroup cut their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada boosted their target price on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average price target of $160.50.

About D.R. Horton

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.