Norges Bank Acquires Shares of 4,508,122 D.R. Horton, Inc. $DHI

Norges Bank acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,508,122 shares of the construction company’s stock, valued at approximately $649,305,000. Norges Bank owned approximately 1.56% of D.R. Horton at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DHI. Capital World Investors boosted its holdings in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Capital International Investors acquired a new stake in D.R. Horton during the third quarter valued at approximately $395,179,000. Boston Partners acquired a new stake in D.R. Horton during the third quarter valued at approximately $274,784,000. Viking Global Investors LP boosted its holdings in D.R. Horton by 108.3% during 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 purchasing an additional 1,469,978 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after purchasing an additional 790,475 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.0%

Shares of DHI opened at $147.14 on Monday. The company has a market capitalization of $41.73 billion, a P/E ratio of 13.79, a PEG ratio of 2.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54. The business’s 50 day simple moving average is $144.54 and its 200-day simple moving average is $149.49.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 16.87%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHI. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Wells Fargo & Company boosted their target price on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Citigroup boosted their target price on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $168.54.

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.