D.R. Horton, Inc. $DHI Shares Acquired by Concord Investment Counsel Inc.

Concord Investment Counsel Inc. grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 51.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,612 shares of the construction company’s stock after purchasing an additional 12,161 shares during the period. D.R. Horton comprises 1.7% of Concord Investment Counsel Inc.’s investment portfolio, making the stock its 20th biggest position. Concord Investment Counsel Inc.’s holdings in D.R. Horton were worth $5,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Capital World Investors increased its stake in shares of D.R. Horton by 159.8% in the 3rd 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 purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $395,179,000. Boston Partners purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $274,784,000. Viking Global Investors LP increased its stake in shares of D.R. Horton by 108.3% in the 2nd 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 increased its stake in shares of D.R. Horton by 769.3% in the 3rd 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. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DHI shares. Barclays lifted their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. The Goldman Sachs Group boosted their price objective on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Truist Financial boosted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

NYSE:DHI opened at $146.85 on Friday. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The stock has a 50 day moving average of $144.33 and a two-hundred day moving average of $149.47. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a market cap of $41.64 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 2.07 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the business earned $2.58 EPS. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 10.57 earnings per share 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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

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.