D.R. Horton, Inc. $DHI Stake Decreased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,883,788 shares of the construction company’s stock after selling 147,240 shares during the quarter. Goldman Sachs Group Inc.’s holdings in D.R. Horton were worth $415,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DHI. Concord Wealth Partners bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $27,000. Finally, Ameriflex Group Inc. bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $31,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHI. Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Truist Financial boosted their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Barclays boosted their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

Shares of DHI opened at $146.45 on Friday. The firm’s 50 day moving average is $145.30 and its 200-day moving average is $149.54. The stock has a market capitalization of $41.53 billion, a P/E ratio of 13.73, a P/E/G ratio of 2.03 and a beta of 1.37. 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 12-month low of $119.54 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for 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 business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is 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.