Northwestern Mutual Wealth Management Co. Acquires 87,919 Shares of D.R. Horton, Inc. $DHI

Northwestern Mutual Wealth Management Co. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 352.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 112,836 shares of the construction company’s stock after purchasing an additional 87,919 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in D.R. Horton were worth $16,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors increased its position in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. Invesco Ltd. increased its position in D.R. Horton by 18.1% during the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock valued at $571,456,000 after purchasing an additional 517,752 shares during the period. Viking Global Investors LP increased its position in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the period. Capital International Investors acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $395,179,000. Finally, Principal Financial Group Inc. increased its position in D.R. Horton by 12.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock valued at $384,624,000 after purchasing an additional 252,878 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $141.72 on Thursday. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $143.92 and a 200-day moving average of $149.49.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Evercore increased their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Bank of America set a $158.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton 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.