National Pension Service Buys 27,201 Shares of D.R. Horton, Inc. $DHI

National Pension Service increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,335 shares of the construction company’s stock after buying an additional 27,201 shares during the quarter. National Pension Service owned 0.18% of D.R. Horton worth $91,910,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SteelPeak Wealth LLC lifted its holdings in D.R. Horton by 65.9% in the second quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock valued at $1,296,000 after buying an additional 3,993 shares during the period. Winnow Wealth LLC acquired a new stake in shares of D.R. Horton during the third quarter worth $960,000. Berkshire Hathaway Inc bought a new stake in D.R. Horton in the second quarter valued at about $191,491,000. Trinity Street Asset Management LLP bought a new stake in D.R. Horton in the third quarter valued at about $25,140,000. Finally, Nordea Investment Management AB boosted its holdings in D.R. Horton by 17.0% during the third quarter. Nordea Investment Management AB now owns 875,743 shares of the construction company’s stock worth $146,538,000 after buying an additional 127,553 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DHI shares. BTIG Research set a $182.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Bank of America lowered their price objective on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, Argus raised their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $160.50.

D.R. Horton Stock Performance

Shares of DHI stock opened at $148.82 on Monday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.30 and a beta of 1.44. The company has a 50-day simple moving average of $152.19 and a 200 day simple moving average of $155.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (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 during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the business posted $2.61 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 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.