Whittier Trust Co. of Nevada Inc. Boosts Holdings in D.R. Horton, Inc. $DHI

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 468.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,116 shares of the construction company’s stock after purchasing an additional 5,040 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in D.R. Horton were worth $867,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $25,000. Osbon Capital Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $27,000. Elevated Capital Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $155.41 on Wednesday. The firm’s fifty day simple moving average is $150.69 and its two-hundred day simple moving average is $150.24. D.R. Horton, Inc. has a 52-week low of $129.11 and a 52-week high of $184.54. The company has a market cap of $44.07 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the company earned $2.58 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DHI shares. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Truist Financial raised their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted 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. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Barclays raised their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.54.

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.