D.R. Horton, Inc. $DHI Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,883,788 shares of the construction company’s stock after selling 147,240 shares during the period. Goldman Sachs Group Inc. owned about 1.00% of D.R. Horton worth $415,352,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Concord Wealth Partners acquired a new position in D.R. Horton in the third quarter worth about $25,000. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the fourth quarter worth about $25,000. Sound Income Strategies LLC acquired a new position in D.R. Horton in the fourth quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new position in D.R. Horton in the fourth quarter worth about $27,000. Finally, Ameriflex Group Inc. acquired a new position in D.R. Horton in the third quarter worth about $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock opened at $146.45 on Friday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $145.30 and a two-hundred day moving average of $149.54. 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 $41.53 billion, a P/E ratio of 13.73, a PEG ratio of 2.03 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating 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 the consensus estimate of $7.55 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays lifted their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Truist Financial lifted their price target on 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 upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $168.54.

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.