Bank of New York Mellon Corp Makes New Investment in D.R. Horton, Inc. $DHI

Bank of New York Mellon Corp acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,806,802 shares of the construction company's stock, valued at approximately $294,292,000. Bank of New York Mellon Corp owned 0.65% of D.R. Horton at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors grew its holdings in D.R. Horton by 22.1% during 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 purchasing an additional 6,695,592 shares during the period. Norges Bank bought a new position in shares of D.R. Horton in the fourth quarter worth about $649,305,000. Boston Partners purchased a new position in shares of D.R. Horton during the 3rd quarter valued at about $274,784,000. Viking Global Investors LP lifted its position in shares of D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock valued at $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Finally, Amundi grew its stake in shares of D.R. Horton by 108.3% during the 1st quarter. Amundi now owns 1,602,945 shares of the construction company's stock valued at $219,956,000 after acquiring an additional 833,359 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Barclays raised their price objective on shares of 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. Finally, Citigroup restated a "neutral" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Trading Up 0.7%

Shares of DHI opened at $148.43 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a 50 day simple moving average of $151.80 and a two-hundred day simple moving average of $149.75. The firm has a market cap of $41.52 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping 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 firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the firm earned $3.36 earnings per share. The company's quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton's payout ratio is 17.13%.

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.

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