Principal Financial Group Inc. Increases Stake in D.R. Horton, Inc. $DHI

Principal Financial Group Inc. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,155,581 shares of the construction company’s stock after buying an additional 48,723 shares during the period. Principal Financial Group Inc.’s holdings in D.R. Horton were worth $295,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Capital World Investors grew its stake in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares in the last quarter. Capital Research Global Investors boosted 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 valued at $669,330,000 after purchasing an additional 13,155 shares during the last quarter. Norges Bank bought a new position in shares of D.R. Horton during the 4th quarter valued at about $649,305,000. Morgan Stanley grew 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 valued at $530,711,000 after purchasing an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of D.R. Horton by 4.5% in the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock worth $507,441,000 after purchasing an additional 151,144 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DHI shares. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. UBS Group upped 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. Truist Financial increased their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada increased their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $168.62.

D.R. Horton Stock Up 0.6%

Shares of NYSE DHI opened at $149.77 on Wednesday. The firm’s 50-day moving average price is $150.29 and its 200-day moving average price is $150.33. 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 stock has a market capitalization of $42.47 billion, a price-to-earnings 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 released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.58 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

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.