Trinity Street Asset Management LLP Reduces Holdings in D.R. Horton, Inc. $DHI

Trinity Street Asset Management LLP decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.4% during the second quarter, HoldingsChannel reports. The firm owned 150,163 shares of the construction company’s stock after selling 6,951 shares during the quarter. D.R. Horton makes up about 1.3% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 16th largest position. Trinity Street Asset Management LLP’s holdings in D.R. Horton were worth $24,459,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Core Wealth Advisors LLC purchased a new position in D.R. Horton during the 4th quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter worth about $26,000. Elevated Capital Advisors LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $27,000. Wilkerson Advisory Group LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at approximately $30,000. Finally, First Horizon Corp lifted its holdings in D.R. Horton by 81.3% during the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 3.5%

D.R. Horton stock opened at $145.57 on Thursday. The stock’s fifty day moving average is $151.84 and its two-hundred day moving average is $149.81. The stock has a market cap of $40.72 billion, a PE ratio of 13.85, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company posted $3.36 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 17.13%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. 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. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Finally, UBS Group lifted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $166.92.

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.