Assetmark Inc. Has $58.32 Million Stock Position in D.R. Horton, Inc. $DHI

Assetmark Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,987 shares of the construction company’s stock after selling 6,779 shares during the period. Assetmark Inc.’s holdings in D.R. Horton were worth $58,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DHI. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DHI. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Citigroup upped their price objective on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. The Goldman Sachs Group lifted their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Truist Financial boosted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.62.

D.R. Horton Stock Performance

NYSE DHI opened at $149.24 on Friday. D.R. Horton, Inc. has a 1 year low of $129.22 and a 1 year high of $184.54. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 2.16 and a beta of 1.36. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm’s 50 day simple moving average is $150.54 and its 200 day simple moving average is $150.41.

D.R. Horton (NYSE:DHI) last released its earnings results 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. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.58 earnings per share. As a group, research analysts expect that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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 dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

About D.R. Horton

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.