D.R. Horton, Inc. $DHI Shares Purchased by Saudi Central Bank

Saudi Central Bank raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 88.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,251 shares of the construction company’s stock after acquiring an additional 8,549 shares during the quarter. Saudi Central Bank’s holdings in D.R. Horton were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of DHI. Capital World Investors increased its stake in shares of D.R. Horton by 22.1% during 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 in the last quarter. BlackRock Inc. purchased a new stake in D.R. Horton in the 2nd quarter valued at approximately $4,067,842,000. Capital Research Global Investors grew its holdings in 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 buying an additional 13,155 shares during the last quarter. Norges Bank acquired a new stake in D.R. Horton during the 4th quarter valued at $649,305,000. Finally, Morgan Stanley increased 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 worth $530,711,000 after buying an additional 67,578 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $142.81 on Tuesday. The company has a market cap of $39.94 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.27 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. The stock has a 50-day moving average price of $148.70 and a two-hundred day moving average price of $148.54. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business posted $3.36 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is presently 17.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DHI shares. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company cut their target price on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. BTIG Research set a $184.00 target price on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.