Engineers Gate Manager LP Buys Shares of 8,837 D.R. Horton, Inc. $DHI

Engineers Gate Manager LP purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,837 shares of the construction company's stock, valued at approximately $1,439,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Capital World Investors lifted 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 last quarter. BlackRock Inc. bought a new position in D.R. Horton during the second quarter worth about $4,067,842,000. Capital Research Global Investors increased its stake 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 worth $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank bought a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $649,305,000. Finally, Bank of America Corp DE bought a new stake in shares of D.R. Horton in the second quarter valued at approximately $477,358,000. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DHI. Citigroup restated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Weiss Ratings cut D.R. Horton from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Truist Financial dropped their price objective on D.R. Horton from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on D.R. Horton from $155.00 to $145.00 and set an "equal weight" rating for the company in a research note on Friday, September 11th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $165.25.

D.R. Horton Stock Performance

Shares of DHI opened at $140.49 on Friday. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $176.22. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a market cap of $39.30 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37. The stock has a 50-day moving average price of $145.93 and a 200-day moving average price of $147.19.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share 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 company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the business earned $3.36 earnings per share. D.R. Horton's revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.45 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

D.R. Horton Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.

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