Candriam S.C.A. Purchases 16,225 Shares of D.R. Horton, Inc. $DHI

Candriam S.C.A. boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 101.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,232 shares of the construction company’s stock after buying an additional 16,225 shares during the quarter. Candriam S.C.A.’s holdings in D.R. Horton were worth $4,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $30,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.9%

Shares of DHI stock opened at $148.68 on Tuesday. The firm has a 50-day moving average price of $150.23 and a 200 day moving average price of $150.31. D.R. Horton, Inc. has a 12-month low of $129.11 and a 12-month high of $184.54. The company has a market capitalization of $42.16 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.12 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates 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 was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is currently 16.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DHI shares. UBS Group boosted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company boosted their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.