Diversify Advisory Services LLC Boosts Holdings in D.R. Horton, Inc. $DHI

Diversify Advisory Services LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 182.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,398 shares of the construction company’s stock after acquiring an additional 4,783 shares during the period. Diversify Advisory Services LLC’s holdings in D.R. Horton were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Concord Wealth Partners purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at approximately $25,000. Canton Hathaway LLC purchased a new position in shares of D.R. Horton in the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton in the third quarter worth $27,000. Ameriflex Group Inc. purchased a new stake in D.R. Horton during the 3rd quarter worth about $31,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Argus lifted their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Bank of America set a $158.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Evercore lifted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Finally, Truist Financial set a $155.00 price objective on D.R. Horton and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $159.93.

D.R. Horton Stock Performance

NYSE:DHI opened at $145.27 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The firm has a 50-day moving average of $155.15 and a two-hundred day moving average of $156.97. The stock has a market cap of $42.09 billion, a P/E ratio of 13.19, a PEG ratio of 2.28 and a beta of 1.43.

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

D.R. Horton Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s payout ratio is currently 16.35%.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were 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 of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by insiders.

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.