OMERS ADMINISTRATION Corp Purchases 4,821 Shares of D.R. Horton, Inc. $DHI

OMERS ADMINISTRATION Corp boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 38.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,252 shares of the construction company’s stock after acquiring an additional 4,821 shares during the period. OMERS ADMINISTRATION Corp’s holdings in D.R. Horton were worth $2,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $302,000. Brown Advisory Inc. grew its stake in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI stock opened at $151.05 on Wednesday. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $42.25 billion, a PE ratio of 14.37, a P/E/G ratio of 2.33 and a beta of 1.36. The business’s 50-day moving average price is $151.37 and its two-hundred day moving average price is $150.50.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company earned $3.36 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.54 earnings per share for the current 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. UBS Group boosted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Truist Financial lifted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Barclays boosted their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $168.17.

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.