National Pension Service Buys 75,968 Shares of D.R. Horton, Inc. $DHI

Key Points

• The National Pension Service increased its stake in D.R. Horton, Inc. by 10.1% in the first quarter, owning 829,041 shares worth approximately $105.40 million.
• Several analyst firms have revised their price targets for DHI, with UBS raising its target from $176 to $187, reflecting a positive outlook for the company's stock.
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, yielding 1.0% annually, with an ex-dividend date set for August 7th.

National Pension Service raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 829,041 shares of the construction company's stock after acquiring an additional 75,968 shares during the period. National Pension Service owned about 0.27% of D.R. Horton worth $105,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Resona Asset Management Co. Ltd. grew its position in D.R. Horton by 6.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 106,101 shares of the construction company's stock valued at $13,472,000 after acquiring an additional 6,426 shares during the last quarter. HighTower Advisors LLC grew its position in D.R. Horton by 10.9% in the first quarter. HighTower Advisors LLC now owns 227,664 shares of the construction company's stock valued at $28,943,000 after acquiring an additional 22,329 shares during the last quarter. Public Sector Pension Investment Board grew its position in D.R. Horton by 4.5% in the first quarter. Public Sector Pension Investment Board now owns 37,827 shares of the construction company's stock valued at $4,809,000 after acquiring an additional 1,618 shares during the last quarter. AIA Group Ltd grew its position in D.R. Horton by 57.4% in the first quarter. AIA Group Ltd now owns 7,338 shares of the construction company's stock valued at $933,000 after acquiring an additional 2,676 shares during the last quarter. Finally, WP Advisors LLC bought a new position in D.R. Horton in the first quarter valued at about $349,000. Institutional investors own 90.63% of the company's stock.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Down 0.2%

DHI stock traded down $0.36 during trading on Monday, hitting $165.26. The company had a trading volume of 3,639,379 shares, compared to its average volume of 3,809,176. The stock has a market cap of $49.27 billion, a PE ratio of 13.25, a PEG ratio of 3.51 and a beta of 1.34. The business has a 50-day moving average of $138.23 and a 200-day moving average of $130.11. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.10 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DHI. Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, JMP Securities reduced their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.