Park National Corp OH Has $34.78 Million Stake in D.R. Horton, Inc. $DHI

Park National Corp OH grew its position in D.R. Horton, Inc. (NYSE:DHI) by 1.8% during the first quarter, HoldingsChannel reports. The firm owned 253,461 shares of the construction company’s stock after buying an additional 4,394 shares during the period. D.R. Horton comprises approximately 1.1% of Park National Corp OH’s portfolio, making the stock its 26th largest holding. Park National Corp OH’s holdings in D.R. Horton were worth $34,780,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DHI. Capital World Investors lifted its holdings in D.R. Horton by 22.1% in the fourth 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 period. Capital Research Global Investors grew its holdings in D.R. Horton by 0.3% during the 4th 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 period. Norges Bank acquired a new stake in D.R. Horton during the 4th quarter worth about $649,305,000. Morgan Stanley raised its position in shares of D.R. Horton by 1.9% in the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after acquiring an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of D.R. Horton by 4.5% in the 4th quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock valued at $507,441,000 after purchasing an additional 151,144 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $157.69 on Friday. The firm’s 50-day moving average price is $148.46 and its 200-day moving average price is $149.93. D.R. Horton, Inc. has a 1-year low of $121.38 and a 1-year high of $184.54. The firm has a market capitalization of $44.72 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.21 and a beta of 1.37. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DHI shares. Wells Fargo & Company upped their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial lifted their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Citigroup boosted their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Barclays raised 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 research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $168.54.

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.