Knights of Columbus Asset Advisors LLC Grows Holdings in D.R. Horton, Inc. $DHI

Knights of Columbus Asset Advisors LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 78.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,796 shares of the construction company’s stock after buying an additional 26,293 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in D.R. Horton were worth $8,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Capital World Investors increased its holdings in D.R. Horton by 159.8% in the third 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 in the last quarter. Capital International Investors purchased a new position in D.R. Horton in the third quarter valued at $395,179,000. Boston Partners purchased a new position in D.R. Horton in the third quarter valued at $274,784,000. Viking Global Investors LP increased its holdings in 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 valued at $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in 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 valued at $151,375,000 after buying an additional 790,475 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. 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 report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Four 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. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

DHI opened at $145.51 on Wednesday. The firm has a market capitalization of $41.26 billion, a PE ratio of 13.64, a PEG ratio of 2.02 and a beta of 1.41. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The firm’s 50-day moving average price is $144.13 and its 200 day moving average price is $149.44. 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 posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.58 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors 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 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

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.