Capital International Investors Purchases New Position in D.R. Horton, Inc. $DHI

Key Points

• Capital International Investors bought a new stake of 2,331,852 shares of D.R. Horton (≈$395.18 million), representing about a 0.78% ownership position at the end of the quarter.
• D.R. Horton posted an EPS beat ($2.03 vs. $1.98 expected) and revenue of $6.89 billion (vs. $6.66 billion expected), although quarterly revenue was down 9.5% year‑over‑year.
• Institutional investors own 90.63% of the stock while insiders hold 0.66%, analysts have a consensus Hold rating with an average price target of $159.93, and the company pays a quarterly dividend of $0.45 (annualized $1.80, ~1.2% yield).

Capital International Investors purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,331,852 shares of the construction company's stock, valued at approximately $395,179,000. Capital International Investors owned 0.78% of D.R. Horton at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hemington Wealth Management increased its holdings in shares of D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company's stock valued at $59,000 after purchasing an additional 64 shares in the last quarter. Apella Capital LLC boosted its holdings in D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company's stock worth $1,454,000 after buying an additional 69 shares in the last quarter. Mutual Advisors LLC boosted its holdings in D.R. Horton by 4.0% during the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company's stock worth $288,000 after buying an additional 70 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in D.R. Horton by 17.8% during the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company's stock valued at $80,000 after buying an additional 71 shares during the period. Finally, Caitlin John LLC increased its holdings in D.R. Horton by 3.4% in the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company's stock valued at $411,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI opened at $145.27 on Wednesday. The firm's fifty day simple moving average is $155.15 and its two-hundred day simple moving average is $156.97. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a market cap of $42.09 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 2.28 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analysts' expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.61 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 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, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio is presently 16.35%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DHI has been the subject of a number of analyst reports. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a "reduce" rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Argus upped their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $159.93.

D.R. Horton Company 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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