D.R. Horton, Inc. $DHI Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 21.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,464,155 shares of the construction company’s stock after buying an additional 259,700 shares during the quarter. Pacer Advisors Inc.’s holdings in D.R. Horton were worth $200,911,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital World Investors grew its position 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 valued at $5,321,849,000 after buying an additional 6,695,592 shares during the last quarter. Capital Research Global Investors lifted its holdings in D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after acquiring an additional 13,155 shares during the last quarter. Norges Bank bought a new position in D.R. Horton in the fourth quarter worth about $649,305,000. Morgan Stanley boosted its stake in D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after acquiring an additional 67,578 shares during the period. Finally, Invesco Ltd. boosted its stake in D.R. Horton by 4.5% in the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock valued at $507,441,000 after acquiring an additional 151,144 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the topic of several recent research reports. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Wells Fargo & Company increased their target price on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial raised their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Finally, BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.17.

D.R. Horton Stock Up 0.2%

Shares of D.R. Horton stock opened at $143.36 on Monday. The stock’s fifty day moving average is $151.49 and its 200-day moving average is $150.32. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $40.10 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 2.27 and a beta of 1.37. 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 earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business 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 firm posted $3.36 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

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.