Johnson Financial Group Inc. Purchases Shares of 37,610 D.R. Horton, Inc. $DHI

Key Points

• Johnson Financial Group acquired 37,610 shares of D.R. Horton in the second quarter, valued at approximately $6.1 million. Institutional investors and hedge funds collectively own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding analysts’ $3.02 estimate, while revenue of $9.23 billion also topped expectations. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.
• The company declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 1.2% yield.

Johnson Financial Group Inc. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,610 shares of the construction company's stock, valued at approximately $6,126,000.

Several other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in D.R. Horton during the second quarter worth $4,067,842,000. Capital World Investors increased its position 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 worth $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton in the 4th quarter valued at about $649,305,000. Bank of New York Mellon Corp purchased a new position in D.R. Horton in the 2nd quarter valued at about $294,292,000. Finally, Boston Partners acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $274,784,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DHI shares. Zelman & Associates raised shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. UBS Group increased their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Truist Financial raised their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five investment 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 an average rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Price Performance

D.R. Horton stock opened at $151.68 on Thursday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The firm has a 50 day moving average price of $152.04 and a 200 day moving average price of $149.77. The company has a market cap of $42.42 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.36 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given 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 dividend payout ratio (DPR) is 17.13%.

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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