QRG Capital Management Inc. Has $13.98 Million Stock Position in D.R. Horton, Inc. $DHI

QRG Capital Management Inc. raised its stake in D.R. Horton, Inc. (NYSE:DHIFree Report) by 24.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,856 shares of the construction company’s stock after buying an additional 20,272 shares during the quarter. QRG Capital Management Inc.’s holdings in D.R. Horton were worth $13,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth $25,000. Osbon Capital Management LLC acquired a new position in D.R. Horton in the 4th quarter worth $26,000. Sound Income Strategies LLC bought a new position in D.R. Horton during the 4th quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $158.45 on Friday. D.R. Horton, Inc. has a 52-week low of $129.11 and a 52-week high of $184.54. The company has a market cap of $44.93 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.22 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The stock’s 50-day simple moving average is $150.94 and its 200 day simple moving average is $150.25.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed 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 of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Wells Fargo & Company lifted their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group upped their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $168.54.

Read Our Latest Research Report on DHI

D.R. Horton Profile

(Free Report)

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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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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