Johnson Financial Group Inc. Purchases New Stake in D.R. Horton, Inc. $DHI

Johnson Financial Group Inc. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, HoldingsChannel reports. The fund acquired 37,610 shares of the construction company’s stock, valued at approximately $6,126,000.

Several other large investors also recently made changes to their positions in DHI. Capital World Investors lifted its holdings in shares of D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares in the last quarter. BlackRock Inc. acquired a new stake in D.R. Horton in the 2nd quarter valued at $4,067,842,000. Capital Research Global Investors increased its holdings in D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton in the fourth quarter valued at about $649,305,000. Finally, Morgan Stanley lifted its stake in shares of D.R. Horton by 1.9% during the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after purchasing an additional 67,578 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 4.1%

Shares of D.R. Horton stock opened at $151.68 on Thursday. The business has a 50-day moving average of $152.04 and a 200-day moving average of $149.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a market capitalization of $42.42 billion, a PE ratio of 14.43, a P/E/G ratio of 2.31 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last released 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. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.36 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DHI. UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Truist Financial upped their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Barclays increased their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $166.92.

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.