Capital World Investors Has $5.13 Billion Position in D.R. Horton, Inc. $DHI

Capital World Investors raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 159.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 30,252,842 shares of the construction company’s stock after buying an additional 18,607,545 shares during the quarter. Capital World Investors owned about 0.10% of D.R. Horton worth $5,126,995,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in D.R. Horton in the second quarter valued at about $494,278,000. Capital International Investors bought a new position in D.R. Horton in the 3rd quarter valued at about $395,179,000. Berkshire Hathaway Inc acquired a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $191,491,000. Viking Global Investors LP raised its position 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 buying an additional 1,469,978 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after acquiring an additional 790,475 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $147.75 on Tuesday. The business’s fifty day simple moving average is $155.15 and its 200 day simple moving average is $157.15. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $42.80 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 earnings per share. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. The Goldman Sachs Group restated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Zacks Research lowered shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. BTIG Research set a $182.00 target price on D.R. Horton in a report on Wednesday, January 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Finally, Citigroup cut their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $159.93.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company’s stock.

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.