First Trust Advisors LP Decreases Stock Holdings in D.R. Horton, Inc. $DHI

First Trust Advisors LP reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 79.2% during the first quarter, Holdings Channel reports. The institutional investor owned 175,657 shares of the construction company’s stock after selling 668,066 shares during the quarter. First Trust Advisors LP’s holdings in D.R. Horton were worth $24,104,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton in the fourth quarter worth $26,000. Sound Income Strategies LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth $27,000. Elevated Capital Advisors LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $27,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth $30,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. 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. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company upped their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $168.17.

D.R. Horton Stock Performance

Shares of DHI opened at $151.05 on Wednesday. The stock has a 50-day moving average of $151.37 and a two-hundred day moving average of $150.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a market cap of $42.25 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.33 and a beta of 1.36. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted $3.36 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 10.54 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

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.