AustralianSuper Pty Ltd Has $6.32 Million Stock Holdings in D.R. Horton, Inc. $DHI

AustralianSuper Pty Ltd decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 35.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 37,267 shares of the construction company’s stock after selling 20,610 shares during the period. AustralianSuper Pty Ltd’s holdings in D.R. Horton were worth $6,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in D.R. Horton in the second quarter valued at about $494,278,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the 2nd quarter valued at about $191,491,000. Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. TD Asset Management Inc boosted its stake in D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after acquiring an additional 790,475 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in D.R. Horton by 136.4% during the second quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock valued at $137,934,000 after purchasing an additional 619,509 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DHI. Citigroup reduced their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Argus lifted their price objective on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Truist Financial set a $155.00 price objective on D.R. Horton in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.93.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $152.64 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The stock has a market capitalization of $44.22 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.38 and a beta of 1.43. The company has a 50 day moving average of $154.91 and a 200-day moving average of $157.57.

D.R. Horton (NYSE:DHI) last announced 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. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

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.