D.R. Horton, Inc. $DHI Shares Acquired by Saudi Central Bank

Saudi Central Bank grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 88.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,251 shares of the construction company’s stock after purchasing an additional 8,549 shares during the period. Saudi Central Bank’s holdings in D.R. Horton were worth $2,973,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DHI. Capital World Investors increased its stake in 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 worth $5,321,849,000 after buying an additional 6,695,592 shares during the period. BlackRock Inc. purchased a new stake in shares of D.R. Horton during the second quarter worth about $4,067,842,000. Capital Research Global Investors lifted its stake in shares of 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 in the last quarter. Norges Bank purchased a new position in D.R. Horton in the fourth quarter valued at about $649,305,000. Finally, Morgan Stanley grew its stake in D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after purchasing an additional 67,578 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.0%

DHI stock opened at $142.81 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The firm’s 50-day simple moving average is $148.70 and its 200 day simple moving average is $148.54. The stock has a market cap of $39.94 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.27 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business posted $3.36 EPS. D.R. Horton’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on DHI shares. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, BTIG Research set a $184.00 price objective on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $166.92.

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.