Sterling Capital Management LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 25.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 295,210 shares of the construction company’s stock after acquiring an additional 59,838 shares during the period. Sterling Capital Management LLC’s holdings in D.R. Horton were worth $40,509,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Capital World Investors boosted its position in shares of D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank bought a new stake in D.R. Horton in the fourth quarter valued at about $649,305,000. Capital International Investors acquired a new position in D.R. Horton in the third quarter valued at about $395,179,000. Boston Partners acquired a new position in D.R. Horton in the third quarter valued at about $274,784,000. Finally, Viking Global Investors LP boosted its holdings in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Royal Bank Of Canada upped their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Barclays lifted their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. UBS Group boosted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Truist Financial increased their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $168.54.
D.R. Horton Trading Down 0.3%
NYSE DHI opened at $166.51 on Friday. D.R. Horton, Inc. has a one year low of $127.34 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a market cap of $47.22 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.33 and a beta of 1.37. The stock’s 50-day moving average is $150.29 and its 200-day moving average is $150.01.
D.R. Horton (NYSE:DHI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the firm earned $2.58 EPS. D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 10.61 earnings per share for the current fiscal year.
D.R. Horton Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is 16.87%.
D.R. Horton Profile
D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.
Founded in 1978 by Donald R.
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