ING Groep NV Has $6.58 Million Stake in D.R. Horton, Inc. $DHI

ING Groep NV trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,828 shares of the construction company’s stock after selling 16,749 shares during the period. ING Groep NV’s holdings in D.R. Horton were worth $6,580,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp grew its holdings in shares of D.R. Horton by 0.7% during the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after buying an additional 92,219 shares in the last quarter. Norges Bank acquired a new stake in D.R. Horton during the 2nd quarter worth about $494,278,000. Franklin Resources Inc. grew its stake in D.R. Horton by 16.4% during the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after acquiring an additional 450,362 shares in the last quarter. Invesco Ltd. increased its holdings in shares of D.R. Horton by 13.2% in the 2nd quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock valued at $367,972,000 after purchasing an additional 333,846 shares during the period. Finally, Viking Global Investors LP lifted its position in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHI. Evercore boosted their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Barclays reduced their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $160.29.

D.R. Horton Stock Up 0.4%

DHI stock opened at $164.47 on Friday. The firm has a market cap of $47.65 billion, a PE ratio of 14.94, a PEG ratio of 2.53 and a beta of 1.44. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a fifty day simple moving average of $152.29 and a 200 day simple moving average of $156.79. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

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

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s payout ratio is 16.35%.

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.