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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter valued at about $593,363,000. Franklin Resources Inc. boosted its holdings in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $98,720,000. Amundi raised its holdings in shares of D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock worth $190,014,000 after buying an additional 555,122 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of D.R. Horton by 22,199.7% during the 4th quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after buying an additional 261,735 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

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

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $2.82 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Ratings Changes

Several research firms have issued reports on DHI. Barclays dropped their price objective on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $169.14.

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.