Bessemer Group Inc. Increases Stake in D.R. Horton, Inc. $DHI

Bessemer Group Inc. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 5,063.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 466,780 shares of the construction company’s stock after purchasing an additional 457,740 shares during the quarter. Bessemer Group Inc. owned about 0.16% of D.R. Horton worth $79,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Canton Hathaway LLC acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in D.R. Horton in the 3rd quarter worth approximately $27,000. Westfuller Advisors LLC acquired a new stake in D.R. Horton in the third quarter valued at approximately $34,000. Westside Investment Management Inc. raised its stake in shares of D.R. Horton by 100.0% during the third quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the second quarter worth $29,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $157.97 on Friday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.44 and a beta of 1.44. The stock has a 50 day moving average of $152.29 and a 200-day moving average of $156.25.

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

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent analyst reports. UBS Group set a $163.00 price target on shares of D.R. Horton in a report on Tuesday, January 27th. Argus lifted their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Bank of America dropped their price objective on D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Finally, Evercore ISI increased their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Five 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 MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $160.50.

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.