D.R. Horton, Inc. $DHI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 207,868 shares of the construction company’s stock after selling 5,586 shares during the quarter. PNC Financial Services Group Inc.’s holdings in D.R. Horton were worth $29,939,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Concord Wealth Partners acquired a new position in shares of D.R. Horton in the third quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at approximately $27,000. Ameriflex Group Inc. acquired a new position in shares of D.R. Horton in the third quarter valued at approximately $31,000. Elevated Capital Advisors LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at approximately $27,000. Finally, Westfuller Advisors LLC acquired a new position in shares of D.R. Horton in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DHI shares. Argus lifted their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. The Goldman Sachs Group lifted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Truist Financial lifted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Down 0.2%

DHI stock opened at $143.88 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The company’s 50 day moving average is $143.93 and its two-hundred day moving average is $149.41. The stock has a market cap of $40.80 billion, a P/E ratio of 13.48, a PEG ratio of 2.02 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts expect that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued 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, May 7th. D.R. Horton’s payout ratio is presently 16.87%.

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.