Northwestern Mutual Wealth Management Co. boosted its holdings in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 17.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,031 shares of the construction company’s stock after purchasing an additional 4,196 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in D.R. Horton were worth $4,566,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $25,000. Fiduciary Financial Advisors purchased a new position in shares of D.R. Horton in the 2nd quarter worth $25,000. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton during the fourth quarter worth about $26,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of D.R. Horton in the 2nd quarter valued at about $32,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
D.R. Horton Stock Performance
NYSE:DHI opened at $144.23 on Friday. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The stock has a market cap of $40.34 billion, a P/E ratio of 13.72, a PEG ratio of 2.26 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. The firm has a 50-day moving average of $149.60 and a two-hundred day moving average of $148.88.
D.R. Horton Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date 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 presently 17.13%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 price target on 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $166.92.
Check Out Our Latest 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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