D.R. Horton, Inc. $DHI Stock Holdings Lessened by Formidable Asset Management LLC

Formidable Asset Management LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 65.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,058 shares of the construction company’s stock after selling 3,823 shares during the quarter. Formidable Asset Management LLC’s holdings in D.R. Horton were worth $281,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caitlin John LLC purchased a new position in D.R. Horton during the 2nd quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in D.R. Horton during the 2nd quarter valued at approximately $25,000. Compass Wealth Management LLC bought a new position in D.R. Horton during the 3rd quarter valued at approximately $27,000. Bell Investment Advisors Inc purchased a new stake in D.R. Horton in the 2nd quarter worth approximately $32,000. Finally, Compass Financial Management LLC purchased a new stake in D.R. Horton in the 2nd quarter worth approximately $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Wells Fargo & Company dropped their price target on D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Truist Financial cut their price target on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $182.00 price target (down from $190.00) on shares of D.R. Horton in a report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Price Performance

DHI stock opened at $155.52 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. D.R. Horton, Inc. has a 1 year low of $130.40 and a 1 year high of $170.79. The firm has a 50-day moving average of $141.35 and a 200 day moving average of $147.55. The company has a market cap of $43.50 billion, a P/E ratio of 15.48, a PEG ratio of 1.81 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.34). The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.07 billion. D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 earnings per share. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 10.62 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.45. D.R. Horton’s dividend payout ratio is currently 17.75%.

About D.R. Horton

D.R. Horton, Inc is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States.

Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers.

The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.