152,153 Shares in D.R. Horton, Inc. $DHI Purchased by Man Group plc

Key Points

• Man Group plc purchased 152,153 shares of D.R. Horton in the second quarter, valued at approximately $24.8 million and representing about 0.05% of the company.
• Institutional ownership remains high at 90.63%, with BlackRock, Capital World Investors, Norges Bank and other major investors adding or expanding their positions.
• D.R. Horton beat quarterly earnings expectations with $3.20 EPS and $9.23 billion in revenue, while analysts maintain a consensus “Hold” rating and a $166.92 price target. The company also declared a quarterly dividend of $0.45 per share.

Man Group plc purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 152,153 shares of the construction company's stock, valued at approximately $24,783,000. Man Group plc owned about 0.05% of D.R. Horton at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in D.R. Horton in the second quarter valued at $4,067,842,000. Capital World Investors raised its stake 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. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $649,305,000. Bank of New York Mellon Corp acquired a new position in shares of D.R. Horton in the 2nd quarter valued at about $294,292,000. Finally, Legal & General Group Plc purchased a new stake in shares of D.R. Horton in the second quarter worth about $280,664,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $149.33 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The firm has a fifty day moving average of $151.51 and a 200 day moving average of $149.61. The firm has a market cap of $41.77 billion, a PE ratio of 14.21, a PEG ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating 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 company's revenue was up .0% compared to the same quarter last year. As a group, research analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

Analyst Ratings Changes

Several brokerages recently weighed in on DHI. Barclays lifted their price target on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $166.92.

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.

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