D.R. Horton, Inc. $DHI Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,552,629 shares of the construction company’s stock after selling 436,621 shares during the period. Franklin Resources Inc. owned about 0.88% of D.R. Horton worth $367,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC boosted its stake in shares of D.R. Horton by 28.3% during the 4th quarter. Brandywine Global Investment Management LLC now owns 391,512 shares of the construction company’s stock worth $56,389,000 after acquiring an additional 86,437 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in D.R. Horton by 58.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 339,560 shares of the construction company’s stock worth $48,907,000 after purchasing an additional 125,714 shares during the last quarter. Manchester Capital Management LLC boosted its position in D.R. Horton by 473.5% during the fourth quarter. Manchester Capital Management LLC now owns 476 shares of the construction company’s stock worth $69,000 after purchasing an additional 393 shares in the last quarter. Bcwm LLC grew its holdings in D.R. Horton by 20.8% in the fourth quarter. Bcwm LLC now owns 84,093 shares of the construction company’s stock valued at $12,112,000 after purchasing an additional 14,469 shares during the last quarter. Finally, Capital World Investors increased its position in shares of D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after buying an additional 6,695,592 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DHI. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Truist Financial raised their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, UBS Group increased their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Four 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $144.41 on Tuesday. The business has a fifty day simple moving average of $145.63 and a 200-day simple moving average of $149.65. D.R. Horton, Inc. has a 52 week low of $119.54 and a 52 week high of $184.54. The company has a market cap of $40.95 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating 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 company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that D.R. Horton, Inc. will post 10.57 EPS 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 of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a 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.