Baxter Bros Inc. Takes $2 Million Position in D.R. Horton, Inc. $DHI

Key Points

• Baxter Bros Inc. acquired a new $2 million position in D.R. Horton during the second quarter, purchasing 12,264 shares. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• Analysts have a consensus “Hold” rating on D.R. Horton, with five Buy ratings and ten Holds and an average price target of $166.92.
• D.R. Horton recently exceeded quarterly earnings and revenue expectations, reporting $3.20 in EPS and $9.23 billion in revenue. The company also pays a quarterly dividend of $0.45 per share, equivalent to a 1.2% annual yield.

Baxter Bros Inc. bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,264 shares of the construction company's stock, valued at approximately $1,998,000.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Capital World Investors lifted its position in shares of 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 worth $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company's stock worth $669,330,000 after purchasing an additional 13,155 shares during the period. Norges Bank purchased a new position in D.R. Horton during the fourth quarter valued at approximately $649,305,000. Morgan Stanley increased its stake in D.R. Horton by 1.9% in the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company's stock valued at $530,711,000 after buying an additional 67,578 shares during the period. Finally, Invesco Ltd. lifted its position in D.R. Horton by 4.5% in the 4th quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company's stock worth $507,441,000 after buying an additional 151,144 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research 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 for the company in a research note on Tuesday, August 4th. Truist Financial lifted their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, April 22nd. UBS Group boosted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $166.92.

D.R. Horton Stock Up 0.1%

DHI stock opened at $148.89 on Monday. The firm has a market cap of $41.64 billion, a PE ratio of 14.17, a PEG ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a fifty day simple moving average of $151.97 and a 200 day simple moving average of $149.80. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $3.36 earnings per share. Sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a dividend of $0.45 per share. 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 is presently 17.13%.

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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