Canada Pension Plan Investment Board bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 95,400 shares of the construction company’s stock, valued at approximately $11,609,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Clear Street Markets LLC bought a new position in shares of D.R. Horton during the 4th quarter worth about $28,000. Fairfield Bush & CO. bought a new position in shares of D.R. Horton during the 1st quarter worth about $28,000. WealthPLAN Partners LLC bought a new position in shares of D.R. Horton during the 1st quarter worth about $31,000. Newton One Investments LLC bought a new position in shares of D.R. Horton during the 2nd quarter worth about $37,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of D.R. Horton during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 82.12% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on DHI shares. Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, October 12th. The Goldman Sachs Group raised shares of D.R. Horton from a “neutral” rating to a “buy” rating and lowered their target price for the company from $132.00 to $131.00 in a research note on Monday, October 16th. StockNews.com assumed coverage on shares of D.R. Horton in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Citigroup lowered their target price on shares of D.R. Horton from $148.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, September 11th. Finally, Argus upped their target price on shares of D.R. Horton from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.
D.R. Horton Price Performance
Shares of DHI stock opened at $127.90 on Thursday. D.R. Horton, Inc. has a 1 year low of $79.74 and a 1 year high of $132.30. The firm’s 50 day moving average is $110.18 and its 200-day moving average is $115.04. The firm has a market capitalization of $43.27 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.72 and a beta of 1.54. The company has a current ratio of 3.05, a quick ratio of 0.68 and a debt-to-equity ratio of 0.28.
D.R. Horton (NYSE:DHI – Get Free Report) last announced its earnings results on Tuesday, November 7th. The construction company reported $4.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.47. D.R. Horton had a net margin of 13.38% and a return on equity of 21.85%. The company had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the business earned $4.67 earnings per share. D.R. Horton’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.09 EPS for the current fiscal year.
D.R. Horton Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 20th. D.R. Horton’s dividend payout ratio is presently 7.23%.
D.R. Horton 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 106 markets across 33 states under the names of D.R.
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