Ensign Peak Advisors Inc Purchases 11,771 Shares of D.R. Horton, Inc. (NYSE:DHI)

Ensign Peak Advisors Inc raised its position in D.R. Horton, Inc. (NYSE:DHI) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 246,124 shares of the construction company’s stock after purchasing an additional 11,771 shares during the period. Ensign Peak Advisors Inc’s holdings in D.R. Horton were worth $34,413,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC grew its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $38,000. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock opened at $122.01 on Friday. The stock has a market cap of $37.48 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a fifty day moving average price of $125.33 and a two-hundred day moving average price of $140.50. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the previous year, the business posted $3.52 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is presently 12.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com cut D.R. Horton from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, BTIG Research dropped their price target on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.15.

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 118 markets across 33 states under the names of D.R.