Corebridge Financial Inc. Has $10.33 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Corebridge Financial Inc. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,902 shares of the construction company's stock after selling 8,795 shares during the period. Corebridge Financial Inc.'s holdings in D.R. Horton were worth $10,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. LPL Financial LLC raised its stake in shares of D.R. Horton by 8.0% in the fourth quarter. LPL Financial LLC now owns 236,514 shares of the construction company's stock valued at $33,069,000 after acquiring an additional 17,550 shares during the last quarter. Optimum Investment Advisors raised its position in D.R. Horton by 1.7% in the 4th quarter. Optimum Investment Advisors now owns 7,330 shares of the construction company's stock valued at $1,025,000 after purchasing an additional 125 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in D.R. Horton in the fourth quarter worth $13,721,000. Knights of Columbus Asset Advisors LLC grew its holdings in shares of D.R. Horton by 1.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 65,680 shares of the construction company's stock worth $9,183,000 after purchasing an additional 1,055 shares during the last quarter. Finally, AXQ Capital LP increased its stake in shares of D.R. Horton by 42.2% in the fourth quarter. AXQ Capital LP now owns 7,260 shares of the construction company's stock valued at $1,015,000 after buying an additional 2,156 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

D.R. Horton Stock Up 0.9 %

NYSE DHI traded up $1.17 on Monday, reaching $127.16. The company had a trading volume of 2,316,316 shares, compared to its average volume of 2,808,722. The company's fifty day moving average is $132.49 and its 200-day moving average is $154.36. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The firm has a market capitalization of $40.07 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $2.82 EPS. D.R. Horton's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DHI shares. Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Royal Bank of Canada reissued an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Finally, JMP Securities reiterated a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average price target of $170.93.

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.