Park National Corp OH Has $34.78 Million Holdings in D.R. Horton, Inc. $DHI

Park National Corp OH raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,461 shares of the construction company’s stock after acquiring an additional 4,394 shares during the period. D.R. Horton comprises 1.1% of Park National Corp OH’s holdings, making the stock its 26th biggest holding. Park National Corp OH owned approximately 0.09% of D.R. Horton worth $34,780,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DHI. Capital World Investors grew its stake in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares during the last quarter. Norges Bank acquired a new position in shares of D.R. Horton during the fourth quarter worth $649,305,000. Capital International Investors bought a new position in shares of D.R. Horton in the 3rd quarter valued at $395,179,000. Boston Partners bought a new position in shares of D.R. Horton in the 3rd quarter valued at $274,784,000. Finally, Viking Global Investors LP boosted its holdings in shares of D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $157.69 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a 52 week low of $121.38 and a 52 week high of $184.54. The firm has a market cap of $44.72 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.21 and a beta of 1.37. The firm’s fifty day moving average is $148.46 and its 200-day moving average is $149.93.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 16.87%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial boosted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. UBS Group increased their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Citigroup boosted their price target on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company upped their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $168.54.

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.