Trinity Street Asset Management LLP Sells 6,951 Shares of D.R. Horton, Inc. $DHI

Trinity Street Asset Management LLP cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,163 shares of the construction company’s stock after selling 6,951 shares during the period. D.R. Horton comprises approximately 1.3% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 16th largest holding. Trinity Street Asset Management LLP owned 0.05% of D.R. Horton worth $24,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Manhattan CO. LLC. increased its holdings in D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after acquiring an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after purchasing an additional 71 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after purchasing an additional 72 shares during the last quarter. AMG National Trust Bank increased its stake in D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after purchasing an additional 74 shares during the period. Finally, AdvisorShares Investments LLC increased its position in shares of D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after acquiring an additional 77 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

Shares of DHI stock opened at $145.57 on Thursday. The company’s 50-day simple moving average is $151.84 and its two-hundred day simple moving average is $149.81. The company has a market capitalization of $40.72 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the business earned $3.36 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DHI. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. UBS Group boosted their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial raised their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $166.92.

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.