Allspring Global Investments Holdings LLC Acquires 119,392 Shares of D.R. Horton, Inc. (NYSE:DHI)

Allspring Global Investments Holdings LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 82.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 263,515 shares of the construction company’s stock after purchasing an additional 119,392 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of D.R. Horton worth $36,306,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of DHI. Mountaineer Partners Management LLC acquired a new position in D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC boosted its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its position in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the last quarter. Smead Capital Management Inc. boosted its position in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after acquiring an additional 84,835 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 1.0 %

Shares of D.R. Horton stock opened at $130.63 on Friday. The business has a fifty day simple moving average of $142.12 and a two-hundred day simple moving average of $166.44. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85. The company has a market capitalization of $41.16 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.82 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays cut their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Evercore ISI cut their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.