Federated Hermes Inc. Has $3.30 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Federated Hermes Inc. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,620 shares of the construction company’s stock after selling 119 shares during the quarter. Federated Hermes Inc.’s holdings in D.R. Horton were worth $3,303,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC boosted its stake in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth $30,000. Rosenberg Matthew Hamilton raised its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $38,000. Finally, Sierra Ocean LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DHI shares. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Barclays dropped their price target on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.14.

D.R. Horton Stock Up 1.6 %

DHI stock opened at $119.74 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a 50-day moving average of $127.68 and a two-hundred day moving average of $149.41. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business posted $2.82 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. D.R. Horton’s payout ratio is 11.31%.

D.R. Horton Company Profile

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.