5,184 Shares in D.R. Horton, Inc. $DHI Acquired by Brookstone Capital Management

by · The Markets Daily

Brookstone Capital Management acquired a new stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,184 shares of the construction company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in D.R. Horton during the second quarter worth about $302,000. Brown Advisory Inc. boosted its position in D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Truist Financial lifted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Citigroup boosted their price objective on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, UBS Group upped 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 given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $168.54.

Check Out Our Latest Report on D.R. Horton

D.R. Horton Stock Performance

NYSE:DHI opened at $166.51 on Friday. The company’s 50-day moving average is $150.29 and its two-hundred day moving average is $150.01. D.R. Horton, Inc. has a 1-year low of $127.34 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a market capitalization of $47.22 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.32 and a beta of 1.37.

D.R. Horton (NYSE:DHI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.58 EPS. Analysts forecast that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid 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 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

D.R. Horton Company Profile

(Free Report)

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.

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