The Manufacturers Life Insurance Company acquired a new position in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 372,512 shares of the construction company’s stock, valued at approximately $60,675,000. The Manufacturers Life Insurance Company owned 0.13% of D.R. Horton at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Van Hulzen Asset Management LLC purchased a new position in D.R. Horton in the second quarter worth about $1,458,000. Fiduciary Financial Advisors purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at about $417,000. L2 Asset Management LLC bought a new position in shares of D.R. Horton in the 2nd quarter worth approximately $237,000. Finally, Algert Global LLC purchased a new position in shares of D.R. Horton in the second quarter worth approximately $1,186,000. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Trading Up 1.3%
D.R. Horton stock opened at $150.91 on Wednesday. The firm has a 50 day moving average of $151.57 and a 200 day moving average of $149.67. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.
D.R. Horton Announces Dividend
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. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 17.13%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on DHI. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup restated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $166.92.
View Our Latest Research Report on D.R. Horton
About D.R. Horton
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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