National Pension Service Increases Stake in D.R. Horton, Inc. $DHI

National Pension Service grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,363 shares of the construction company’s stock after buying an additional 9,944 shares during the period. National Pension Service’s holdings in D.R. Horton were worth $89,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Silvant Capital Management LLC purchased a new stake in D.R. Horton during the second quarter valued at $4,828,000. Johnson Financial Group Inc. purchased a new position in shares of D.R. Horton in the 2nd quarter worth approximately $6,126,000. Vise Technologies Inc. boosted its holdings in shares of D.R. Horton by 132.9% in the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock worth $2,150,000 after purchasing an additional 8,517 shares during the period. BlackRock Inc. bought a new position in shares of D.R. Horton during the 2nd quarter valued at approximately $4,067,842,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in D.R. Horton in the second quarter worth $2,219,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.8%

Shares of DHI opened at $138.01 on Friday. The firm has a fifty day moving average price of $146.97 and a 200-day moving average price of $147.89. 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 capitalization of $38.60 billion, a P/E ratio of 13.13, a P/E/G ratio of 2.15 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $180.64.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 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 company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $3.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that D.R. Horton, Inc. will post 10.45 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 target price on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays lifted 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. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $166.08.

D.R. Horton Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.