D.R. Horton, Inc. $DHI Holdings Raised by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 98.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 397,749 shares of the construction company’s stock after purchasing an additional 197,621 shares during the quarter. Calamos Advisors LLC owned about 0.14% of D.R. Horton worth $54,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Silvant Capital Management LLC bought a new position in D.R. Horton during the 2nd quarter valued at $4,828,000. Johnson Financial Group Inc. acquired a new position in shares of D.R. Horton during the 2nd quarter valued at $6,126,000. Wealthfront Advisers LLC bought a new stake in shares of D.R. Horton in the 2nd quarter worth $14,622,000. Alpine Woods Capital Investors LLC bought a new stake in shares of D.R. Horton in the 2nd quarter worth $2,219,000. Finally, BlackRock Inc. acquired a new stake in shares of D.R. Horton in the second quarter valued at $4,067,842,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 3.5%

DHI traded down $5.46 during trading on Friday, reaching $152.17. The company had a trading volume of 3,082,754 shares, compared to its average volume of 3,194,516. The firm’s 50-day simple moving average is $141.20 and its 200 day simple moving average is $147.57. The company has a market cap of $42.56 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.71 and a beta of 1.35. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.07 billion. During the same period in the prior year, the company posted $3.04 earnings per share. D.R. Horton’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.62 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.00 dividend on an annualized basis and a yield of 1.3%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. D.R. Horton’s dividend payout ratio (DPR) is 17.75%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DHI. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Truist Financial cut their price target on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Royal Bank Of Canada lowered their price objective on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating on the stock in a research note on Friday, October 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of D.R. Horton from $160.00 to $152.00 in a report on Thursday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $151.33.

About D.R. Horton

D.R. Horton, Inc is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States.

Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers.

The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.