32,328 Shares in D.R. Horton, Inc. $DHI Bought by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,328 shares of the construction company’s stock, valued at approximately $5,479,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Winnow Wealth LLC bought a new position in shares of D.R. Horton during the third quarter worth about $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton during the 2nd quarter valued at approximately $191,491,000. Mediolanum International Funds Ltd raised its holdings in D.R. Horton by 96.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares during the last quarter. Trinity Street Asset Management LLP acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $25,140,000. Finally, Peterson Wealth Services boosted its stake in shares of D.R. Horton by 941.4% in the 3rd quarter. Peterson Wealth Services now owns 10,862 shares of the construction company’s stock valued at $1,841,000 after purchasing an additional 9,819 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI opened at $152.64 on Wednesday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The company has a market cap of $44.22 billion, a PE ratio of 13.86, a P/E/G ratio of 2.38 and a beta of 1.43. The stock has a 50-day moving average of $154.91 and a 200-day moving average of $157.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the company earned $2.61 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DHI shares. Argus lifted their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Truist Financial set a $155.00 price target on D.R. Horton in a report on Tuesday. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. UBS Group set a $163.00 target price on D.R. Horton in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

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.