MUFG Securities EMEA plc Acquires 5,920 Shares of D.R. Horton, Inc. $DHI

MUFG Securities EMEA plc increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 111.6% during the fourth quarter, Holdings Channel reports. The fund owned 11,227 shares of the construction company’s stock after purchasing an additional 5,920 shares during the period. MUFG Securities EMEA plc’s holdings in D.R. Horton were worth $1,617,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DHI. Integrated Wealth Concepts LLC grew its position in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares during the last quarter. Geneos Wealth Management Inc. grew its position in D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in D.R. Horton during the 2nd quarter worth approximately $302,000. Brown Advisory Inc. grew its position in D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew its position in D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 0.6%

Shares of DHI opened at $147.82 on Wednesday. The firm has a market capitalization of $41.92 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The business’s fifty day moving average price is $144.72 and its two-hundred day moving average price is $149.49. D.R. Horton, Inc. has a 52 week low of $115.79 and a 52 week high of $184.54.

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

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

Analyst Ratings Changes

A number of brokerages have commented on DHI. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. The Goldman Sachs Group increased their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Truist Financial increased their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Finally, Barclays increased their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton 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.