Trinity Street Asset Management LLP Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Trinity Street Asset Management LLP increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 160,212 shares of the construction company’s stock after buying an additional 11,869 shares during the period. D.R. Horton makes up about 1.5% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 18th biggest position. Trinity Street Asset Management LLP’s holdings in D.R. Horton were worth $23,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Capital World Investors grew its holdings in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares in the last quarter. State Street Corp boosted its holdings in shares of D.R. Horton by 0.7% in the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after buying an additional 92,219 shares during the period. Invesco Ltd. boosted its holdings in shares of D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock valued at $571,456,000 after buying an additional 517,752 shares during the period. Viking Global Investors LP boosted its holdings in shares of D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares during the period. Finally, Capital International Investors acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $395,179,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $142.57 on Thursday. The firm has a fifty day simple moving average of $149.60 and a 200-day simple moving average of $151.99. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The stock has a market capitalization of $41.30 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.17 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the company earned $2.61 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s dividend payout ratio is currently 16.35%.

Analysts Set New Price Targets

Several research firms have recently commented on DHI. Barclays decreased their price target on shares of D.R. Horton from $129.00 to $128.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Finally, Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $159.33.

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.