Polianta Ltd Invests $2 Million in D.R. Horton, Inc. $DHI

Key Points

• Polianta Ltd. purchased 12,300 shares of D.R. Horton valued at approximately $2 million, while institutional investors collectively own 90.63% of the homebuilder.
• Analyst sentiment remains mixed: five analysts rate DHI a Buy and ten rate it a Hold, with a consensus price target of $166.92. UBS raised its target to $206, while Truist maintained a Hold rating despite increasing its target to $150.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in EPS on $9.23 billion in revenue, and announced a quarterly dividend of $0.45 per share, equivalent to a 1.2% annualized yield.

Polianta Ltd purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,300 shares of the construction company's stock, valued at approximately $2,003,000. D.R. Horton makes up approximately 0.2% of Polianta Ltd's portfolio, making the stock its 25th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company's stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the last quarter. Norges Bank bought a new position in shares of D.R. Horton during the fourth quarter worth about $649,305,000. Boston Partners acquired a new position in D.R. Horton in the third quarter worth about $274,784,000. Viking Global Investors LP increased its holdings in D.R. Horton by 108.3% in 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 buying an additional 1,469,978 shares during the last quarter. Finally, Amundi increased its holdings in D.R. Horton by 108.3% in the first quarter. Amundi now owns 1,602,945 shares of the construction company's stock valued at $219,956,000 after buying an additional 833,359 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on DHI shares. Truist Financial increased their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, April 22nd. Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. UBS Group upped their price target on D.R. Horton from $193.00 to $206.00 and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a research note 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 company currently has an average rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Stock Performance

Shares of DHI stock opened at $150.80 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. The business has a 50 day moving average of $151.78 and a two-hundred day moving average of $150.02. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The company has a market cap of $42.18 billion, a P/E ratio of 14.35, a PEG ratio of 2.40 and a beta of 1.37.

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 for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.36 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

D.R. Horton Company 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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