Rakuten Investment Management Inc. Purchases Shares of 42,963 D.R. Horton, Inc. $DHI

Key Points

• Rakuten Investment Management acquired 42,963 D.R. Horton shares in the second quarter, valued at approximately $7.1 million. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• D.R. Horton reported quarterly EPS of $3.20, exceeding analyst expectations of $3.02, while revenue reached $9.23 billion versus estimates of $9.10 billion.
• The company pays a quarterly dividend of $0.45, equivalent to $1.80 annually and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92, compared with the stock’s reported price of $147.58.

Rakuten Investment Management Inc. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,963 shares of the construction company's stock, valued at approximately $7,056,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in D.R. Horton during the second quarter valued at about $4,067,842,000. Capital World Investors lifted 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 acquiring an additional 6,695,592 shares during the period. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $649,305,000. Bank of America Corp DE acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $477,358,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $294,292,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI stock opened at $147.58 on Friday. The company has a 50 day moving average price of $151.06 and a 200 day moving average price of $149.52. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week 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 stock has a market capitalization of $41.28 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37.

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 analysts' consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $3.36 EPS. Analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. 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 dividend payout ratio (DPR) is currently 17.13%.

Analyst Ratings Changes

DHI has been the subject of several research reports. Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Barclays boosted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $166.92.

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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