Norges Bank Makes New $649.31 Million Investment in D.R. Horton, Inc. $DHI

Norges Bank acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,508,122 shares of the construction company’s stock, valued at approximately $649,305,000.

Several other large investors have also recently bought and sold shares of the company. Mutual Advisors LLC lifted its holdings in D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after buying an additional 70 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of D.R. Horton by 17.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after acquiring an additional 71 shares during the last quarter. AMG National Trust Bank raised its position in shares of D.R. Horton by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after acquiring an additional 74 shares during the last quarter. Caitlin John LLC raised its position in shares of D.R. Horton by 3.4% during the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock valued at $411,000 after acquiring an additional 79 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in shares of D.R. Horton by 0.3% during the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DHI. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Citigroup upped 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 report on Thursday, April 23rd. Wells Fargo & Company upped their target price on shares of 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. Royal Bank Of Canada upped 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. Finally, Barclays upped 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. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

DHI opened at $147.14 on Monday. 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, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The company has a fifty day simple moving average of $144.54 and a 200 day simple moving average of $149.49. The stock has a market cap of $41.73 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.06 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the prior year, the company earned $2.58 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts expect that D.R. Horton, Inc. will post 10.57 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. Investors of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 16.87%.

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.