Clough Capital Partners L P Buys 13,007 Shares of D.R. Horton, Inc. $DHI

Clough Capital Partners L P increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 231,281 shares of the construction company’s stock after buying an additional 13,007 shares during the quarter. D.R. Horton accounts for about 3.0% of Clough Capital Partners L P’s investment portfolio, making the stock its 9th largest holding. Clough Capital Partners L P’s holdings in D.R. Horton were worth $33,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DHI. Capital World Investors grew its position in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Norges Bank acquired a new stake in D.R. Horton during the fourth quarter worth approximately $649,305,000. Capital International Investors acquired a new stake in D.R. Horton during the third quarter worth approximately $395,179,000. Boston Partners acquired a new stake in D.R. Horton during the third quarter worth approximately $274,784,000. Finally, Viking Global Investors LP grew its position in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.6%

Shares of NYSE:DHI opened at $152.23 on Thursday. The company has a fifty day moving average of $147.74 and a 200-day moving average of $149.88. The company has a market capitalization of $43.17 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a 52-week low of $119.64 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Citigroup boosted their price target on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group boosted their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $168.54.

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.