Altshuler Shaham Ltd Takes Position in D.R. Horton, Inc. $DHI

Altshuler Shaham Ltd bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,370 shares of the construction company’s stock, valued at approximately $773,000.

Several other institutional investors also recently made changes to their positions in the stock. Capital World Investors grew its holdings in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares in the last quarter. Capital Research Global Investors grew its holdings in D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after buying an additional 13,155 shares in the last quarter. Norges Bank bought a new position in D.R. Horton in the 4th quarter worth approximately $649,305,000. Morgan Stanley grew its holdings in D.R. Horton by 1.9% in the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after buying an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after buying an additional 517,752 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHI. Barclays increased their price objective on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. The Goldman Sachs Group upped their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Truist Financial upped their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Finally, Citigroup upped their target price on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Down 2.6%

Shares of D.R. Horton stock opened at $152.23 on Thursday. The stock has a 50-day moving average price of $147.74 and a 200 day moving average price of $149.88. The company has a market cap of $43.17 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.19 and a beta of 1.37. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 1 year low of $119.64 and a 1 year high of $184.54.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

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.