National Pension Service Purchases 9,944 Shares of D.R. Horton, Inc. $DHI

Key Points

• National Pension Service increased its D.R. Horton stake by 1.8%, purchasing 9,944 additional shares to own 548,363 shares valued at approximately $89.3 million. Institutional investors collectively own 90.63% of the company.
• Analyst sentiment remains mixed, with five Buy ratings and ten Hold ratings. D.R. Horton has a consensus rating of Hold and an average price target of $166.08.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue versus $9.10 billion expected. The company also declared a $0.45 quarterly dividend, implying a 1.3% yield.

National Pension Service boosted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 548,363 shares of the construction company's stock after acquiring an additional 9,944 shares during the quarter. National Pension Service owned 0.20% of D.R. Horton worth $89,317,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Manhattan CO. LLC. lifted its holdings in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company's stock valued at $511,000 after buying an additional 70 shares during the period. Deseret Mutual Benefit Administrators grew its stake in shares of D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company's stock valued at $103,000 after purchasing an additional 71 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock valued at $48,000 after purchasing an additional 72 shares during the period. AdvisorShares Investments LLC increased its position in shares of D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company's stock valued at $480,000 after purchasing an additional 77 shares during the last quarter. Finally, Studio Investment Management LLC lifted its stake in shares of D.R. Horton by 0.3% in the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company's stock worth $3,325,000 after purchasing an additional 79 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. Weiss Ratings upgraded shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $166.08.

D.R. Horton Stock Performance

DHI opened at $138.01 on Friday. The company has a 50 day simple moving average of $146.97 and a two-hundred day simple moving average of $147.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a market cap of $38.60 billion, a P/E ratio of 13.13, a PEG ratio of 2.15 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $180.64.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating 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 firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm earned $3.36 EPS. The company's revenue was up .0% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 10.45 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

About D.R. Horton

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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