D.R. Horton, Inc. $DHI Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 81.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,259 shares of the construction company’s stock after buying an additional 41,365 shares during the period. Fifth Third Bancorp’s holdings in D.R. Horton were worth $12,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors raised its holdings in shares of D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. Capital Research Global Investors grew its holdings in shares of D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after purchasing an additional 13,155 shares during the period. Norges Bank purchased a new position in D.R. Horton in the fourth quarter valued at approximately $649,305,000. Morgan Stanley lifted its position in D.R. Horton by 1.9% during the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after buying an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. grew its stake in D.R. Horton by 4.5% during the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock worth $507,441,000 after buying an additional 151,144 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DHI. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group boosted their price objective on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $168.62.

D.R. Horton Stock Performance

Shares of DHI stock opened at $149.77 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The company’s fifty day moving average price is $150.29 and its two-hundred day moving average price is $150.33. The firm has a market capitalization of $42.47 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.08 and a beta of 1.36. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the firm earned $2.58 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. On average, research analysts anticipate that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders 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 (DPR) is 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.