32,427 Shares in D.R. Horton, Inc. $DHI Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,427 shares of the construction company’s stock, valued at approximately $4,670,000.

A number of other institutional investors have also added to or reduced their stakes in DHI. First Manhattan CO. LLC. increased its position in shares of D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after purchasing an additional 70 shares during the last quarter. City National Bank of Florida MSD grew its stake in D.R. Horton by 56.7% in the 4th quarter. City National Bank of Florida MSD now owns 2,127 shares of the construction company’s stock worth $306,000 after buying an additional 770 shares in the last quarter. Clough Capital Partners L P increased its holdings in shares of D.R. Horton by 6.0% in the 4th quarter. Clough Capital Partners L P now owns 231,281 shares of the construction company’s stock worth $33,311,000 after buying an additional 13,007 shares during the last quarter. Armistice Capital LLC bought a new position in shares of D.R. Horton in the 4th quarter worth $240,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $773,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Citigroup lifted their price target on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial upped their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Barclays upped their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Down 2.6%

NYSE DHI opened at $152.23 on Thursday. The firm has a market cap of $43.17 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $119.64 and a 1-year high of $184.54. The stock has a 50-day moving average of $147.74 and a 200-day moving average of $149.88. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results 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 business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $2.58 EPS. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

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.