OMERS ADMINISTRATION Corp Acquires Shares of 224,624 D.R. Horton, Inc. $DHI

OMERS ADMINISTRATION Corp acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 224,624 shares of the construction company’s stock, valued at approximately $36,587,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Osmosis Investment Management UK Ltd purchased a new position in D.R. Horton during the 2nd quarter worth approximately $1,033,000. Sanctuary Advisors LLC purchased a new stake in D.R. Horton in the second quarter valued at approximately $6,875,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in D.R. Horton in the second quarter valued at approximately $24,147,000. Bank of Nova Scotia acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $10,354,000. Finally, Kendall Capital Management purchased a new position in shares of D.R. Horton during the second quarter worth approximately $289,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.1%

Shares of D.R. Horton stock opened at $148.43 on Monday. The firm has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company’s 50-day simple moving average is $151.80 and its 200-day simple moving average is $149.75. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company earned $3.36 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current 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 issued a dividend of $0.45 per share. 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 currently 17.13%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DHI. Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Citigroup restated a “neutral” rating on shares of D.R. Horton 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.com, the stock has an average rating of “Hold” and an average 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.