Capital Research Global Investors Boosts Stock Position in D.R. Horton, Inc. $DHI

Capital Research Global Investors boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,647,088 shares of the construction company’s stock after purchasing an additional 13,155 shares during the quarter. Capital Research Global Investors’ holdings in D.R. Horton were worth $669,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Concord Wealth Partners purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $25,000. Core Wealth Advisors LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $27,000. Elevated Capital Advisors LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Ameriflex Group Inc. purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays boosted their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $145.85 on Monday. D.R. Horton, Inc. has a twelve month low of $119.54 and a twelve month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $41.36 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The business has a 50 day simple moving average of $145.46 and a 200-day simple moving average of $149.60.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the business earned $2.58 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

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.