Global Retirement Partners LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,311 shares of the construction company’s stock, valued at approximately $1,191,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors increased its stake in shares of D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Capital Research Global Investors grew its holdings in D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after acquiring an additional 13,155 shares in the last quarter. Norges Bank bought a new position in D.R. Horton in the fourth quarter worth about $649,305,000. Morgan Stanley boosted its stake in D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after purchasing an additional 67,578 shares during the period. Finally, Invesco Ltd. lifted its holdings in D.R. Horton by 4.5% in the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock worth $507,441,000 after purchasing an additional 151,144 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
D.R. Horton Trading Down 0.3%
DHI opened at $148.36 on Tuesday. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $152.05 and a 200 day simple moving average of $149.79. The stock has a market capitalization of $41.50 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.36 and a beta of 1.37.
D.R. Horton Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. UBS Group increased their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Truist Financial boosted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Finally, BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $166.92.
View Our Latest Report on D.R. Horton
D.R. Horton Company 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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