Man Group plc Has $59.43 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Man Group plc grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 161.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 425,028 shares of the construction company's stock after purchasing an additional 262,486 shares during the period. Man Group plc owned approximately 0.13% of D.R. Horton worth $59,427,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the period. Norges Bank bought a new position in D.R. Horton during the fourth quarter valued at about $593,363,000. Franklin Resources Inc. boosted its stake in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after buying an additional 1,490,648 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after buying an additional 72,161 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after buying an additional 460,804 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. Royal Bank of Canada decreased their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company decreased their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Price Performance

Shares of NYSE DHI traded up $2.29 during mid-day trading on Friday, hitting $125.68. 2,415,398 shares of the stock traded hands, compared to its average volume of 2,976,968. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a market cap of $38.60 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The firm has a 50 day simple moving average of $124.52 and a two-hundred day simple moving average of $138.72.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the prior year, the business earned $3.52 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

About D.R. Horton

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.