D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,525 shares of the construction company’s stock after purchasing an additional 479 shares during the quarter. OneAscent Wealth Management LLC’s holdings in D.R. Horton were worth $415,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DHI. Greenhaven Associates Inc. lifted its stake in shares of D.R. Horton by 1.0% in the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after acquiring an additional 34,366 shares during the period. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $516,530,000. Morgan Stanley raised its stake in shares of D.R. Horton by 3.4% during the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after buying an additional 106,074 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after buying an additional 484,058 shares during the period. Finally, Franklin Resources Inc. grew its holdings in D.R. Horton by 12.5% during the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after acquiring an additional 260,864 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DHI shares. Jefferies Financial Group boosted their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada decreased their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Barclays dropped their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. UBS Group boosted their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, BTIG Research dropped their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.31.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Down 0.2 %

Shares of DHI traded down $0.27 during mid-day trading on Friday, hitting $140.93. The company had a trading volume of 2,792,073 shares, compared to its average volume of 2,150,987. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The business’s 50-day simple moving average is $145.10 and its 200-day simple moving average is $148.53. The stock has a market cap of $46.41 billion, a PE ratio of 9.59, a P/E/G ratio of 0.70 and a beta of 1.68. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the previous year, the company earned $2.73 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.85%. D.R. Horton’s payout ratio is 8.17%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.