Munich Reinsurance Co Stock Corp in Munich Purchases Shares of 128,874 D.R. Horton, Inc. $DHI

Munich Reinsurance Co Stock Corp in Munich bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 128,874 shares of the construction company’s stock, valued at approximately $20,991,000.

A number of other institutional investors have also bought and sold shares of the business. Core Wealth Advisors LLC purchased a new position in D.R. Horton during the fourth quarter valued at $25,000. Fiduciary Financial Advisors purchased a new stake in D.R. Horton in the 2nd quarter worth $25,000. Caitlin John LLC bought a new position in shares of D.R. Horton during the 2nd quarter valued at about $25,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $26,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $142.81 on Friday. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a 50 day moving average price of $149.13 and a 200-day moving average price of $148.84. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $3.36 EPS. Equities analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is currently 17.13%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DHI shares. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. BTIG Research set a $184.00 price objective on D.R. Horton in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company cut their target price on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Finally, Barclays boosted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $166.92.

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.