464,344 Shares in D.R. Horton, Inc. $DHI Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel.com reports. The fund acquired 464,344 shares of the construction company’s stock, valued at approximately $75,632,000.

A number of other large investors have also made changes to their positions in the stock. Core Wealth Advisors LLC acquired a new position in D.R. Horton during the fourth quarter worth $25,000. Fiduciary Financial Advisors acquired a new stake in D.R. Horton during the second quarter worth about $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $30,000. Finally, Compass Financial Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.0%

DHI opened at $149.33 on Thursday. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $151.51 and a 200-day simple moving average of $149.61. The firm has a market cap of $41.77 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $3.36 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 17.13%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BTIG Research set a $184.00 price objective on D.R. Horton in a report on Wednesday, July 22nd. Barclays lifted their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company cut their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $166.92.

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.