Canada Pension Plan Investment Board Invests $75.63 Million in D.R. Horton, Inc. $DHI

Canada Pension Plan Investment Board bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 464,344 shares of the construction company’s stock, valued at approximately $75,632,000. Canada Pension Plan Investment Board owned about 0.17% of D.R. Horton at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of 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 buying an additional 803 shares during the period. Geneos Wealth Management Inc. grew 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 worth $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in D.R. Horton during the second quarter valued at approximately $302,000. Brown Advisory Inc. raised its position in D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE:DHI opened at $149.33 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a market capitalization of $41.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a fifty day moving average of $151.51 and a two-hundred day moving average of $149.61.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $3.36 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued 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 1.2%. D.R. Horton’s dividend payout ratio is presently 17.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DHI. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Barclays boosted their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $166.92.

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.