D.R. Horton, Inc. $DHI Stock Position Raised by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in D.R. Horton, Inc. (NYSE:DHI) by 56.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,928 shares of the construction company’s stock after purchasing an additional 6,102 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in D.R. Horton were worth $2,323,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DHI. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $26,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $27,000. Elevated Capital Advisors LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $30,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Down 1.5%

D.R. Horton stock opened at $143.36 on Friday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The firm’s fifty day simple moving average is $151.49 and its 200-day simple moving average is $150.38. The company has a market capitalization of $40.10 billion, a P/E ratio of 13.64, a P/E/G ratio of 2.31 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the company posted $3.36 earnings per share. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research note on Wednesday, July 22nd. UBS Group boosted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Barclays upped their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $168.17.

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.