Magnolia Group LLC Buys New Position in D.R. Horton, Inc. $DHI

Magnolia Group LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, HoldingsChannel reports. The firm bought 28,700 shares of the construction company’s stock, valued at approximately $3,922,000. D.R. Horton makes up about 1.3% of Magnolia Group LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Maryland State Retirement & Pension System grew its stake in D.R. Horton by 15.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 15,355 shares of the construction company’s stock valued at $2,098,000 after purchasing an additional 2,069 shares during the last quarter. First Command Advisory Services Inc. lifted its position in D.R. Horton by 183.1% during the third quarter. First Command Advisory Services Inc. now owns 1,656 shares of the construction company’s stock valued at $226,000 after purchasing an additional 1,071 shares during the period. Nemes Rush Group LLC lifted its position in D.R. Horton by 1.1% during the third quarter. Nemes Rush Group LLC now owns 127,743 shares of the construction company’s stock valued at $17,456,000 after purchasing an additional 1,335 shares during the period. AlphaCore Capital LLC boosted its holdings in D.R. Horton by 39.1% in the third quarter. AlphaCore Capital LLC now owns 4,491 shares of the construction company’s stock valued at $614,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Fulcrum Asset Management LLP boosted its holdings in D.R. Horton by 45.3% in the third quarter. Fulcrum Asset Management LLP now owns 9,900 shares of the construction company’s stock valued at $1,380,000 after purchasing an additional 3,086 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.6%

Shares of DHI stock opened at $147.23 on Thursday. D.R. Horton, Inc. has a 1-year low of $130.40 and a 1-year high of $170.79. The company has a market cap of $41.18 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.75 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $141.58 and a 200-day simple moving average of $147.51.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. D.R. Horton’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 10.48 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is 17.75%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DHI shares. Barclays decreased their price objective on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Tuesday. Truist Financial reduced their price target on D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, September 16th. Melius Research initiated coverage on D.R. Horton in a report on Tuesday, October 6th. They issued a “sell” rating and a $128.00 price target for the company. Finally, Evercore dropped their price objective on shares of D.R. Horton from $171.00 to $166.00 in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $151.33.

D.R. Horton Profile

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.