Silvant Capital Management LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,640 shares of the construction company’s stock, valued at approximately $4,828,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DHI. Capital World Investors lifted its position in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. BlackRock Inc. bought a new stake in D.R. Horton during the second quarter valued at about $4,067,842,000. Capital Research Global Investors increased its position in D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after buying an additional 13,155 shares in the last quarter. Norges Bank bought a new position in shares of D.R. Horton in the fourth quarter worth about $649,305,000. Finally, Morgan Stanley raised its stake in shares of D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after buying an additional 67,578 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Barclays raised their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. BTIG Research set a $184.00 price target on shares of D.R. Horton in a report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $166.92.
D.R. Horton Price Performance
DHI stock 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 company’s fifty day moving average price is $151.91 and its 200-day moving average price is $149.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The company has a market capitalization of $41.30 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.41 and a beta of 1.37.
D.R. Horton (NYSE:DHI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm posted $3.36 EPS. D.R. Horton’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.
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 given 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 payout ratio is currently 17.13%.
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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