D.R. Horton, Inc. $DHI Shares Sold by Investment House LLC

Investment House LLC trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 52.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 24,615 shares of the construction company’s stock after selling 26,631 shares during the quarter. Investment House LLC’s holdings in D.R. Horton were worth $3,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of D.R. Horton during the second quarter valued at about $4,067,842,000. Bank of America Corp DE bought a new position in D.R. Horton in the 2nd quarter valued at about $477,358,000. Bank of New York Mellon Corp acquired a new position in D.R. Horton during the 2nd quarter valued at about $294,292,000. Legal & General Group Plc acquired a new position in D.R. Horton during the 2nd quarter valued at about $280,664,000. Finally, Deutsche Bank AG bought a new stake in shares of D.R. Horton during the 2nd quarter worth about $201,077,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 6.2%

NYSE DHI opened at $147.55 on Friday. D.R. Horton, Inc. has a 12 month low of $130.40 and a 12 month high of $170.79. The company has a market capitalization of $41.27 billion, a P/E ratio of 13.22, a PEG ratio of 2.16 and a beta of 1.35. The company’s 50 day simple moving average is $140.95 and its 200 day simple moving average is $146.56. 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 posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.36 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 10.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DHI. Stonex Financia upgraded shares of D.R. Horton to a “hold” rating in a report on Thursday, October 15th. Truist Financial cut their target price 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. Evercore set a $166.00 price target on D.R. Horton in a research note on Friday, September 25th. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Finally, Morgan Stanley assumed coverage on D.R. Horton in a research note on Thursday, October 1st. They issued an “equal weight” rating and a $151.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.36.

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.