Deutsche Bank AG Takes $201.08 Million Position in D.R. Horton, Inc. $DHI

Deutsche Bank AG acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel reports. The fund acquired 1,234,507 shares of the construction company’s stock, valued at approximately $201,077,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $26,000. Elevated Capital Advisors LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth about $27,000. Bell Investment Advisors Inc purchased a new stake in shares of D.R. Horton during the 2nd quarter worth about $32,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $145.75 on Wednesday. The firm has a market capitalization of $40.77 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The stock’s 50 day moving average price is $151.94 and its 200 day moving average price is $149.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company earned $3.36 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

Analysts Set New Price Targets

DHI has been the topic of several research reports. Barclays raised their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, UBS Group increased their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.