Berkshire Hathaway Inc Takes $581,000 Position in D.R. Horton, Inc. $DHI

Berkshire Hathaway Inc acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,564 shares of the construction company’s stock, valued at approximately $581,000. D.R. Horton comprises 0.0% of Berkshire Hathaway Inc’s portfolio, making the stock its 26th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital World Investors increased its holdings in 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 valued at $5,321,849,000 after purchasing an additional 6,695,592 shares during the last quarter. BlackRock Inc. purchased a new stake in D.R. Horton in the second quarter valued at approximately $4,067,842,000. Capital Research Global Investors lifted its stake in D.R. Horton by 0.3% during the fourth 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 in the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the fourth quarter worth $649,305,000. Finally, Morgan Stanley boosted its position in shares of D.R. Horton by 1.9% during 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. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.0%

D.R. Horton stock opened at $149.33 on Thursday. The firm has a market capitalization 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. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The stock’s fifty day simple moving average is $151.51 and its 200-day simple moving average is $149.61.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Barclays boosted their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, D.R. Horton currently 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.