Denali Advisors LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,205 shares of the construction company’s stock, valued at approximately $685,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital World Investors lifted its stake in 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 valued at $5,321,849,000 after acquiring an additional 6,695,592 shares during the period. BlackRock Inc. bought a new stake in shares of D.R. Horton in the second quarter worth approximately $4,067,842,000. Capital Research Global Investors raised its holdings in shares of D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the fourth quarter valued at approximately $649,305,000. Finally, Morgan Stanley lifted its position in D.R. Horton by 1.9% during the fourth 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. 90.63% of the stock is owned by institutional investors.
D.R. Horton Trading Down 2.8%
NYSE:DHI opened at $147.65 on Friday. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The business has a fifty day moving average price of $151.91 and a 200-day moving average price of $149.76. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.41 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.
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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DHI shares. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Wells Fargo & Company dropped their price target on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $166.92.
View Our Latest Research Report on DHI
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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