9,122 Shares in D.R. Horton, Inc. $DHI Purchased by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,122 shares of the construction company’s stock, valued at approximately $1,314,000.

A number of other large investors have also modified their holdings of DHI. Capital World Investors increased its stake 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 buying an additional 18,607,545 shares during the period. Capital International Investors acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $395,179,000. Boston Partners acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $274,784,000. Viking Global Investors LP boosted its holdings in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of D.R. Horton by 769.3% in the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after buying an additional 790,475 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.0%

Shares of DHI stock opened at $134.76 on Wednesday. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54. The firm’s fifty day simple moving average is $144.04 and its 200 day simple moving average is $149.54. The firm has a market capitalization of $38.21 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. 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 (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s payout ratio is currently 16.87%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Citigroup lifted 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 note on Thursday, April 23rd. Barclays lifted their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Argus lifted their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $168.54.

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.