Focus Partners Advisor Solutions LLC Has $1.26 Million Stock Holdings in D.R. Horton, Inc. $DHI

Focus Partners Advisor Solutions LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 172.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,134 shares of the construction company’s stock after purchasing an additional 5,147 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in D.R. Horton were worth $1,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DHI. Concord Wealth Partners acquired a new stake in D.R. Horton during the 3rd quarter worth about $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton in the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton in the third quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the second quarter worth approximately $29,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI stock opened at $147.45 on Friday. The firm has a 50 day simple moving average of $155.11 and a 200 day simple moving average of $157.36. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The stock has a market cap of $42.72 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

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

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.35%.

Insider Buying and Selling at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DHI. Citigroup decreased their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Barclays lowered their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Truist Financial set a $155.00 target price on D.R. Horton and gave the company a “hold” rating in a report on Tuesday. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Profile

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.