Marble Wealth LLC Takes Position in D.R. Horton, Inc. $DHI

Marble Wealth LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,204 shares of the construction company’s stock, valued at approximately $605,000.

Other hedge funds also recently modified their holdings of the company. Capital World Investors increased its stake in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the last quarter. Norges Bank acquired a new position in shares of D.R. Horton in the fourth quarter worth $649,305,000. Capital International Investors acquired a new position in shares of D.R. Horton in the third quarter worth $395,179,000. Boston Partners acquired a new position in shares of D.R. Horton in the third quarter worth $274,784,000. Finally, Viking Global Investors LP increased its stake in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI opened at $144.70 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $118.65 and a fifty-two week high of $184.54. The stock’s 50-day moving average is $145.13 and its two-hundred day moving average is $149.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a market cap of $41.03 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company earned $2.58 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DHI. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. UBS Group upped their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Barclays upped their price target on shares of 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. Finally, Truist Financial upped their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.54.

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.