Eventide Asset Management LLC Has $77.23 Million Holdings in D.R. Horton, Inc. $DHI

Eventide Asset Management LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 455,674 shares of the construction company’s stock after acquiring an additional 13,684 shares during the quarter. D.R. Horton accounts for approximately 1.3% of Eventide Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Eventide Asset Management LLC owned 0.15% of D.R. Horton worth $77,229,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hemington Wealth Management increased its holdings in D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after purchasing an additional 64 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of D.R. Horton by 0.8% in the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 69 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of D.R. Horton by 4.0% during the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after buying an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of D.R. Horton by 17.8% during the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after buying an additional 71 shares during the last quarter. Finally, Caitlin John LLC grew its holdings in D.R. Horton by 3.4% during the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock worth $411,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In related 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 transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of analyst reports. Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Truist Financial set a $155.00 target price on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Evercore increased their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $140.45 on Friday. The business’s fifty day simple moving average is $154.91 and its 200 day simple moving average is $156.46. 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 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market capitalization of $40.69 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43.

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

D.R. Horton Announces Dividend

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

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.