Trinity Street Asset Management LLP Has $21.56 Million Stock Position in D.R. Horton, Inc. $DHI

Trinity Street Asset Management LLP lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.9% during the first quarter, HoldingsChannel reports. The fund owned 157,114 shares of the construction company’s stock after selling 3,098 shares during the quarter. D.R. Horton makes up about 1.5% of Trinity Street Asset Management LLP’s portfolio, making the stock its 17th biggest holding. Trinity Street Asset Management LLP’s holdings in D.R. Horton were worth $21,559,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in D.R. Horton in the 4th quarter valued at $25,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton during the 4th quarter worth about $26,000. Sound Income Strategies LLC bought a new position in shares of D.R. Horton during the 4th quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on DHI. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Barclays raised their price objective on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial lifted 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. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company upped their target price on 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. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

NYSE DHI opened at $162.97 on Wednesday. D.R. Horton, Inc. has a twelve month low of $128.00 and a twelve month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The stock has a market cap of $46.21 billion, a P/E ratio of 15.27, a PEG ratio of 2.29 and a beta of 1.37. The company’s 50-day simple moving average is $150.98 and its 200 day simple moving average is $150.16.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion during 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 company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.61 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

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.