CIBC Asset Management Inc Buys 24,923 Shares of D.R. Horton, Inc. $DHI

CIBC Asset Management Inc raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 60.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 66,126 shares of the construction company’s stock after acquiring an additional 24,923 shares during the period. CIBC Asset Management Inc’s holdings in D.R. Horton were worth $9,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DHI. Capital World Investors increased its position in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $649,305,000. Capital International Investors purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $395,179,000. Boston Partners purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $274,784,000. Finally, Viking Global Investors LP increased its position in shares of D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DHI. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Wells Fargo & Company increased their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, UBS Group increased their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Down 0.4%

NYSE DHI opened at $145.85 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The company has a market capitalization of $41.36 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.05 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $119.54 and a one year high of $184.54. The stock has a 50 day moving average price of $145.46 and a 200-day moving average price of $149.52.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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