Deutsche Bank AG Makes New Investment in D.R. Horton, Inc. $DHI

Key Points

• Deutsche Bank acquired 1,234,507 shares of D.R. Horton during the second quarter, worth approximately $201.1 million and representing about 0.44% of the homebuilder. Institutional investors collectively own 90.63% of the company.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in earnings per share versus the $3.02 consensus estimate and $9.23 billion in revenue versus $9.10 billion expected.
• The stock opened at $145.75, down 1.7%, while analysts maintained an overall “Hold” rating with an average price target of $166.92. The company also pays a quarterly dividend of $0.45, equating to a 1.2% yield.

Deutsche Bank AG bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,234,507 shares of the construction company's stock, valued at approximately $201,077,000. Deutsche Bank AG owned about 0.44% of D.R. Horton as of its most recent filing with the Securities & Exchange Commission.

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

D.R. Horton Trading Down 1.7%

Shares of DHI opened at $145.75 on Wednesday. The stock has a fifty day moving average of $151.94 and a two-hundred day moving average of $149.76. 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 company has a market capitalization of $40.77 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.36 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHI. Wells Fargo & Company lowered their target price on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays increased their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 14th. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $166.92.

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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