DAVENPORT & Co LLC Has $4.02 Million Holdings in D.R. Horton, Inc. $DHI

DAVENPORT & Co LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,895 shares of the construction company’s stock after selling 7,568 shares during the quarter. DAVENPORT & Co LLC’s holdings in D.R. Horton were worth $4,018,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Winnow Wealth LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton during the 2nd quarter worth $191,491,000. Mediolanum International Funds Ltd raised its stake in D.R. Horton by 96.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after buying an additional 74,266 shares during the period. Arete Wealth Advisors LLC bought a new position in D.R. Horton during the third quarter worth about $946,000. Finally, Trinity Street Asset Management LLP acquired a new position in D.R. Horton in the third quarter valued at about $25,140,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade 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 accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Down 1.3%

NYSE:DHI opened at $134.24 on Friday. The stock has a 50-day simple moving average of $151.87 and a 200 day simple moving average of $154.10. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a market cap of $38.89 billion, a PE ratio of 12.19, a PEG ratio of 2.10 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 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. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is currently 16.35%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays lowered their price target on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Evercore increased their target price on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $159.93.

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.