Northwestern Mutual Wealth Management Co. Takes Position in D.R. Horton, Inc. $DHI

Northwestern Mutual Wealth Management Co. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,031 shares of the construction company’s stock, valued at approximately $4,566,000.

Several other large investors have also recently added to or reduced their stakes in DHI. First Manhattan CO. LLC. raised its stake in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after buying an additional 71 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after buying an additional 72 shares in the last quarter. AMG National Trust Bank grew its holdings in D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares during the period. Finally, AdvisorShares Investments LLC raised its position in D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after acquiring an additional 77 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $148.43 on Monday. The stock has a fifty day moving average price of $151.80 and a 200 day moving average price of $149.75. The stock has a market cap of $41.52 billion, a PE ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.36 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is presently 17.13%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DHI shares. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays increased their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $166.92.

About D.R. Horton

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.