Caisse de depot et placement du Quebec Buys Shares of 847,435 D.R. Horton, Inc. $DHI

Caisse de depot et placement du Quebec purchased a new stake in 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 institutional investor purchased 847,435 shares of the construction company’s stock, valued at approximately $138,030,000. Caisse de depot et placement du Quebec owned approximately 0.30% of D.R. Horton at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Integrated Wealth Concepts LLC grew its holdings in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton in the second quarter worth $302,000. Brown Advisory Inc. lifted its position in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DHI shares. BTIG Research set a $184.00 price objective on D.R. Horton in a research report on Wednesday, July 22nd. Barclays upped their target price 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. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company cut their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Trading Down 1.0%

NYSE DHI opened at $149.33 on Thursday. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a 50-day moving average of $151.51 and a 200-day moving average of $149.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a market cap of $41.77 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the company earned $3.36 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

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.