Jefferies Financial Group Inc. Purchases New Stake in D.R. Horton, Inc. $DHI

Jefferies Financial Group Inc. purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,242 shares of the construction company’s stock, valued at approximately $3,204,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Capital International Investors bought a new position in D.R. Horton in the 3rd quarter worth $395,179,000. Boston Partners bought a new position in D.R. Horton in the 3rd quarter worth $274,784,000. Viking Global Investors LP raised its holdings in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in D.R. Horton by 769.3% in the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after purchasing an additional 790,475 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 1.2%

Shares of D.R. Horton stock opened at $145.51 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The company has a 50-day moving average of $144.13 and a 200 day moving average of $149.44. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.02 and a beta of 1.41. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54.

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

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend 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%.

Analyst Ratings Changes

Several research analysts have commented on DHI shares. Truist Financial upped their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. UBS Group upped their price objective 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. Wells Fargo & Company upped their price objective 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. Finally, Barclays upped their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $168.54.

About D.R. Horton

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.