5 Best Housing Stocks of 2021

1. D.R. Horton, Inc. (NYSE: DHI)

Number of Hedge Fund Holders: 50

D.R. Horton, Inc. (NYSE:DHI) is one of the largest homebuilder companies in the U.S., operating in over 90 housing markets across 29 states. It is ranked first on our list of the 11 best housing stocks of 2021. The stock has returned over 44.48% to investors over the course of the past year.

On July 22, D.R. Horton, Inc. (NYSE:DHI) posted earnings for the second quarter of 2021, reporting earnings per share of $3.14, beating estimates by $0.33. The revenue over the period was around $7.28 billion, up 35.15% year-over-year.

At the end of the first quarter of 2021, 50 hedge funds in the database of Insider Monkey held stakes worth $2.17 billion in D.R. Horton, Inc. (NYSE:DHI). Out of the hedge funds being tracked by Insider Monkey, Egerton Capital Limited has the most valuable stake in D.R. Horton, Inc. (NYSE:DHI) as of the end of the first quarter of 2021, worth close to $915 million, comprising 4.81% of its total 13F portfolio.

On July 26, Wedbush raised its rating on  D.R. Horton, Inc. (NYSE:DHI) to Outperform from Neutral while raising its price target to $125 from $94, noting that the low rates for 30-year mortgages will benefit the consumer base of D.R. Horton, Inc. (NYSE:DHI) and consequently the company itself.

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