Canada Pension Plan Investment Board Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Canada Pension Plan Investment Board bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) 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) 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.