National Pension Service Has $105.40 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

National Pension Service raised its position in D.R. Horton, Inc. (NYSE:DHI) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 829,041 shares of the construction company’s stock after acquiring an additional 75,968 shares during the period. National Pension Service owned about 0.27% of D.R. Horton worth $105,396,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new position in D.R. Horton in the 1st quarter valued at approximately $26,000. Bayforest Capital Ltd raised its holdings in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after buying an additional 194 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the 4th quarter worth approximately $43,000. Alpine Bank Wealth Management bought a new stake in D.R. Horton during the 1st quarter worth approximately $61,000. Finally, Continuum Advisory LLC grew its position in D.R. Horton by 25.8% during the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company’s stock worth $68,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on D.R. Horton from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. UBS Group raised their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wedbush raised their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $153.23.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the business’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Stock Performance

DHI stock opened at $165.66 on Thursday. The business’s 50-day moving average price is $136.50 and its two-hundred day moving average price is $130.04. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The firm has a market cap of $49.39 billion, a PE ratio of 13.28, a P/E/G ratio of 3.36 and a beta of 1.34. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.10 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 7th. D.R. Horton’s payout ratio is 12.83%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.