Vanguard Group Inc. Has $5.74 Billion Position in D.R. Horton, Inc. (NYSE:DHI)

Vanguard Group Inc. boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,856,397 shares of the construction company’s stock after buying an additional 2,474,262 shares during the period. Vanguard Group Inc. owned approximately 0.11% of D.R. Horton worth $5,735,620,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in D.R. Horton in the fourth quarter valued at approximately $516,530,000. Pacer Advisors Inc. raised its holdings in D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the period. Franklin Resources Inc. raised its holdings in D.R. Horton by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after purchasing an additional 260,864 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in D.R. Horton by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock worth $292,019,000 after purchasing an additional 32,700 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after purchasing an additional 525,705 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.2 %

D.R. Horton stock traded up $0.42 during mid-day trading on Friday, reaching $173.84. The company’s stock had a trading volume of 4,125,242 shares, compared to its average volume of 2,847,579. The company has a market capitalization of $57.25 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.71. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $177.47. The business’s 50 day simple moving average is $145.35 and its 200 day simple moving average is $148.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.38 and a current ratio of 7.22.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.90 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.39 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, August 1st will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.69%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. Wedbush reiterated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Royal Bank of Canada increased their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday. JMP Securities increased their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday. Evercore ISI increased their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.12.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by corporate insiders.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.