D.R. Horton, Inc. $DHI Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,081,672 shares of the construction company’s stock after acquiring an additional 21,514 shares during the quarter. Dimensional Fund Advisors LP’s holdings in D.R. Horton were worth $422,734,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in D.R. Horton by 23.4% in the first 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 in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton in the second quarter valued at $302,000. Brown Advisory Inc. grew its holdings in D.R. Horton by 3.4% during the 2nd 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 in the last quarter. Finally, Cerity Partners LLC increased its stake in D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $144.90 on Tuesday. The firm has a market cap of $41.09 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a 1-year low of $129.22 and a 1-year high of $184.54. The firm has a fifty day moving average of $150.54 and a two-hundred day moving average of $150.44.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate 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 was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DHI has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Barclays lifted their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Truist Financial boosted their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $168.62.

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.