QRG Capital Management Inc. Has $13.98 Million Stock Holdings in D.R. Horton, Inc. $DHI

QRG Capital Management Inc. increased its position in D.R. Horton, Inc. (NYSE:DHI) by 24.8% during the first quarter, Holdings Channel reports. The firm owned 101,856 shares of the construction company’s stock after buying an additional 20,272 shares during the quarter. QRG Capital Management Inc.’s holdings in D.R. Horton were worth $13,977,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DHI. Capital World Investors grew its holdings in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. Norges Bank bought a new stake in D.R. Horton in the fourth quarter valued at approximately $649,305,000. Capital International Investors acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $395,179,000. Boston Partners acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $274,784,000. Finally, Viking Global Investors LP boosted its stake in shares of 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 worth $364,461,000 after acquiring an additional 1,469,978 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on DHI. Barclays boosted their target price 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. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. UBS Group increased their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Citigroup raised their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Price Performance

D.R. Horton stock opened at $158.45 on Friday. The company has a market capitalization of $44.93 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.22 and a beta of 1.36. 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 12 month low of $129.11 and a 12 month high of $184.54. The stock’s 50 day moving average is $150.94 and its 200-day moving average is $150.25.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is presently 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.