Fifth Third Wealth Advisors LLC Acquires 9,853 Shares of D.R. Horton, Inc. $DHI

Fifth Third Wealth Advisors LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 271.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,477 shares of the construction company’s stock after buying an additional 9,853 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in D.R. Horton were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC raised its stake in D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after buying an additional 3,726 shares during the period. Nordea Investment Management AB grew its stake in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after acquiring an additional 363,573 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $946,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of D.R. Horton by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock valued at $82,253,000 after acquiring an additional 9,765 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after purchasing an additional 790,475 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Truist Financial lifted their price objective 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 target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Barclays upped their target price 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Performance

Shares of DHI opened at $166.69 on Friday. The stock has a 50 day moving average of $149.85 and a 200 day moving average of $149.90. The company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.33 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $125.04 and a 12 month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate 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 business 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 firm earned $2.58 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.61 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. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 16.87%.

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.