OMERS ADMINISTRATION Corp Acquires New Stake in D.R. Horton, Inc. $DHI

Key Points

• OMERS Administration Corp. acquired 224,624 shares of D.R. Horton during the second quarter, valued at approximately $36.6 million and representing about 0.08% of the company. Institutional investors and hedge funds collectively own 90.63% of DHI.
• D.R. Horton reported quarterly EPS of $3.20, beating analysts’ $3.02 estimate, while revenue of $9.23 billion also exceeded expectations. Analysts expect full-year EPS of approximately $10.47.
• The company pays a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and a 1.2% yield. Despite a consensus “Hold” rating, analysts’ average price target is $166.92 versus the stock’s reported price of $148.43.

OMERS ADMINISTRATION Corp bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 224,624 shares of the construction company's stock, valued at approximately $36,587,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of D.R. Horton at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Compass Financial Management LLC purchased a new stake in D.R. Horton during the 2nd quarter worth approximately $31,000. Finally, Bell Investment Advisors Inc purchased a new stake in D.R. Horton during the 2nd quarter worth approximately $32,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE:DHI opened at $148.43 on Monday. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. 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 capitalization of $41.52 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The business's fifty day moving average price is $151.80 and its 200 day moving average price is $149.75.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $3.36 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton's payout ratio is presently 17.13%.

Analyst Ratings Changes

DHI has been the subject of several recent research reports. Citigroup reissued a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reissued a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Finally, Barclays increased their price target on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton 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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