Korea Investment CORP Invests $30.48 Million in D.R. Horton, Inc. $DHI

Korea Investment CORP purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 187,151 shares of the construction company's stock, valued at approximately $30,483,000. Korea Investment CORP owned approximately 0.07% of D.R. Horton at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the 4th quarter worth $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new stake in shares of D.R. Horton during the second quarter worth about $32,000. Wilkerson Advisory Group LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $30,000. Finally, Activest Wealth Management lifted its stake in shares of D.R. Horton by 487.8% in the fourth quarter. Activest Wealth Management now owns 241 shares of the construction company's stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHI. The Goldman Sachs Group reissued a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on 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. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $166.92.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $148.43 on Friday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The firm has a 50-day simple moving average of $151.80 and a 200 day simple moving average of $149.75. The company has a market cap of $41.52 billion, a PE ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the company posted $3.36 earnings per share. D.R. Horton's revenue was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton's dividend payout ratio is presently 17.13%.

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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