D.R. Horton, Inc. $DHI Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,953 shares of the construction company’s stock after selling 30,382 shares during the quarter. Parnassus Investments LLC owned 0.12% of D.R. Horton worth $51,556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $25,000. Sound Income Strategies LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $27,000. Ameriflex Group Inc. purchased a new position in D.R. Horton in the third quarter valued at about $31,000. Elevated Capital Advisors LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $27,000. Finally, First Horizon Corp increased its holdings in D.R. Horton by 81.3% in the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial increased 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. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Wells Fargo & Company increased their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Up 5.0%

Shares of DHI opened at $153.99 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $146.59 and a 200-day simple moving average of $149.86. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The stock has a market cap of $43.67 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37.

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

D.R. Horton Announces Dividend

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

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.