Intellectus Partners LLC Makes New Investment in D.R. Horton, Inc. $DHI

Intellectus Partners LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,125 shares of the construction company’s stock, valued at approximately $1,026,000.

A number of other institutional investors also recently bought and sold shares of the business. Sivia Capital Partners LLC raised its position in D.R. Horton by 173.6% during the 4th quarter. Sivia Capital Partners LLC now owns 8,264 shares of the construction company’s stock worth $1,190,000 after buying an additional 5,243 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of D.R. Horton by 3.2% during the 4th quarter. Lido Advisors LLC now owns 35,642 shares of the construction company’s stock valued at $5,134,000 after purchasing an additional 1,117 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of D.R. Horton by 60.5% during the 4th quarter. CIBC Asset Management Inc now owns 66,126 shares of the construction company’s stock valued at $9,524,000 after purchasing an additional 24,923 shares in the last quarter. Marble Wealth LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at approximately $605,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of D.R. Horton by 25.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,889,442 shares of the construction company’s stock valued at $272,136,000 after purchasing an additional 379,577 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $146.45 on Friday. D.R. Horton, Inc. has a one year low of $119.54 and a one year high of $184.54. 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 firm has a fifty day moving average of $145.30 and a 200 day moving average of $149.54. The firm has a market cap of $41.53 billion, a PE ratio of 13.73, a PEG ratio of 2.03 and a beta of 1.37.

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

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid 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 was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

Analyst Ratings Changes

DHI has been the subject of several recent research reports. Truist Financial lifted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. UBS Group boosted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Citigroup boosted their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Barclays boosted 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 report on Wednesday, April 22nd. Four equities 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 company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $168.54.

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.