Janus Henderson Group PLC Grows Position in D.R. Horton, Inc. $DHI

Janus Henderson Group PLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 170,508 shares of the construction company’s stock after buying an additional 4,275 shares during the period. Janus Henderson Group PLC’s holdings in D.R. Horton were worth $23,386,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DHI. Capital World Investors grew its position in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Capital Research Global Investors boosted its stake in D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after buying an additional 13,155 shares during the last quarter. Norges Bank bought a new position in D.R. Horton during the fourth quarter valued at approximately $649,305,000. Morgan Stanley grew its holdings in D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after buying an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. increased its stake in D.R. Horton by 4.5% in the 4th quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock worth $507,441,000 after acquiring an additional 151,144 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $146.58 on Tuesday. 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 12 month low of $131.75 and a 12 month high of $184.54. The company has a market capitalization of $41.00 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.27 and a beta of 1.36. The firm’s 50-day moving average is $151.54 and its 200 day moving average is $150.21.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm earned $3.36 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s dividend payout ratio is 17.13%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DHI. UBS Group upped their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Finally, Zelman & Associates upgraded shares of 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $168.17.

About D.R. Horton

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.