Legal & General Group Plc Makes New $280.66 Million Investment in D.R. Horton, Inc. $DHI

Legal & General Group Plc bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,723,136 shares of the construction company’s stock, valued at approximately $280,664,000. Legal & General Group Plc owned about 0.62% of D.R. Horton as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Core Wealth Advisors LLC bought a new stake in D.R. Horton during the fourth quarter worth $25,000. Fiduciary Financial Advisors bought a new position in D.R. Horton in the 2nd quarter valued at $25,000. Osbon Capital Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $30,000. Finally, Compass Financial Management LLC bought a new stake in shares of D.R. Horton during the 2nd quarter worth $31,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DHI shares. BTIG Research set a $184.00 price target on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays increased 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 research report on Tuesday, July 14th. Finally, Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $149.33 on Thursday. 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 current ratio of 6.43 and a quick ratio of 1.04. The stock has a market capitalization of $41.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. The company’s 50 day simple moving average is $151.51 and its two-hundred day simple moving average is $149.61.

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

D.R. Horton Announces Dividend

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 dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.

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.