Capital World Investors Acquires 6,695,592 Shares of D.R. Horton, Inc. $DHI

Capital World Investors raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,948,434 shares of the construction company’s stock after acquiring an additional 6,695,592 shares during the quarter. Capital World Investors owned about 12.75% of D.R. Horton worth $5,321,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners bought a new position in D.R. Horton in the third quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new position in D.R. Horton in the third quarter valued at approximately $31,000. Finally, Elevated Capital Advisors LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $27,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 0.4%

Shares of NYSE:DHI opened at $145.85 on Friday. D.R. Horton, Inc. has a 12 month low of $119.54 and a 12 month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $145.46 and its 200 day simple moving average is $149.52. The firm has a market cap of $41.36 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.04 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the business posted $2.58 earnings per share. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.57 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. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analysts Set New Price Targets

DHI has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. UBS Group raised their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Barclays lifted their price target on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Company 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.