Legal & General Group Plc Purchases 15,004 Shares of D.R. Horton, Inc. $DHI

Key Points

• Legal & General Group Plc increased its stake in D.R. Horton by 15,004 shares (a 0.9% rise), bringing its holdings to 1,747,862 shares — roughly a 0.59% stake valued at about $296.21 million.
• Institutional ownership is very high at 90.63%, with major moves including State Street adding 92,219 shares, Norges Bank opening a new ~$494 million stake, and Viking Global more than doubling its position (+108.3%).
• D.R. Horton recently beat Q earnings (EPS $2.03 vs. $1.98 expected) on $6.89 billion revenue (down 9.5% YoY), pays a $0.45 quarterly dividend ($1.80 annual, ~1.3% yield), and carries a market consensus rating of "Hold" with a $159.93 average target.

Legal & General Group Plc raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,747,862 shares of the construction company's stock after purchasing an additional 15,004 shares during the period. Legal & General Group Plc owned approximately 0.59% of D.R. Horton worth $296,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of D.R. Horton by 0.7% during the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company's stock valued at $1,629,067,000 after purchasing an additional 92,219 shares during the last quarter. Norges Bank bought a new stake in D.R. Horton in the 2nd quarter worth approximately $494,278,000. Franklin Resources Inc. lifted its position in D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company's stock worth $412,567,000 after buying an additional 450,362 shares during the last quarter. Invesco Ltd. boosted its stake in D.R. Horton by 13.2% in the second quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company's stock worth $367,972,000 after buying an additional 333,846 shares in the last quarter. Finally, Viking Global Investors LP grew its position in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock valued at $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of several research reports. The Goldman Sachs Group reissued a "buy" rating and set a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th. Citizens Jmp reaffirmed a "market perform" rating on shares of D.R. Horton in a report on Wednesday, January 7th. Barclays decreased their target price on shares of D.R. Horton from $132.00 to $129.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 21st. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $159.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $142.63 on Thursday. The company has a market capitalization of $41.32 billion, a P/E ratio of 12.95, a PEG ratio of 2.24 and a beta of 1.43. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The stock has a 50 day moving average price of $155.12 and a two-hundred day moving average price of $156.87.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter last year, the business earned $2.61 earnings per share. The business's revenue was down 9.5% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton's payout ratio is presently 16.35%.

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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