Bradley Foster & Sargent Inc. CT Lowers Position in D.R. Horton, Inc. $DHI

Bradley Foster & Sargent Inc. CT trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,240 shares of the construction company’s stock after selling 3,889 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in D.R. Horton were worth $7,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of DHI. Integrated Wealth Concepts LLC increased its holdings in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in D.R. Horton during the second quarter valued at about $302,000. Brown Advisory Inc. grew its stake in D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research report on Wednesday. UBS Group raised their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Wells Fargo & Company upped their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial raised their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $168.17.

D.R. Horton Stock Performance

DHI opened at $146.49 on Monday. The company has a market cap of $40.97 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 2.31 and a beta of 1.36. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $150.84 and its 200-day moving average price is $150.40. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business earned $3.36 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 10.54 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

D.R. Horton Company 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.