Marble Wealth LLC Takes $605,000 Position in D.R. Horton, Inc. $DHI

Marble Wealth LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,204 shares of the construction company’s stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Capital World Investors grew its position in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $649,305,000. Capital International Investors acquired a new stake in shares of D.R. Horton in the third quarter valued at about $395,179,000. Boston Partners acquired a new stake in shares of D.R. Horton in the third quarter valued at about $274,784,000. Finally, Viking Global Investors LP grew its position in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DHI shares. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Truist Financial raised their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Barclays raised their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group increased 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. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Down 2.2%

Shares of DHI opened at $144.70 on Thursday. The stock has a market cap of $41.03 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 2.07 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12 month low of $118.65 and a 12 month high of $184.54. The company has a 50-day moving average price of $145.13 and a two-hundred day moving average price of $149.51.

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

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

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.