178,535 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,535 shares of the construction company's stock, valued at approximately $24,963,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of D.R. Horton at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DHI. Norges Bank bought a new position in shares of D.R. Horton during the fourth quarter worth $593,363,000. Franklin Resources Inc. boosted its position in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after acquiring an additional 832,358 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of D.R. Horton during the fourth quarter worth $98,720,000. Finally, Renaissance Technologies LLC boosted its position in shares of D.R. Horton by 676.4% during the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock worth $105,779,000 after acquiring an additional 659,100 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of NYSE DHI traded down $0.32 during midday trading on Friday, reaching $117.95. The company had a trading volume of 4,305,130 shares, compared to its average volume of 3,014,355. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The business's 50-day simple moving average is $122.76 and its 200 day simple moving average is $135.42. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $36.23 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same period last year, the business earned $3.52 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 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 Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. D.R. Horton's payout ratio is 12.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DHI. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. BTIG Research decreased their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Company 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.