Intech Investment Management LLC Has $2.68 Million Position in D.R. Horton, Inc. $DHI

Intech Investment Management LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,634 shares of the construction company’s stock after acquiring an additional 3,463 shares during the quarter. Intech Investment Management LLC’s holdings in D.R. Horton were worth $2,684,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital World Investors increased its holdings in shares of 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 worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the last quarter. Invesco Ltd. increased its holdings in shares of D.R. Horton by 18.1% during the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after acquiring an additional 517,752 shares during the last quarter. Viking Global Investors LP increased its holdings in shares of D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. Capital International Investors acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $395,179,000. Finally, AQR Capital Management LLC increased its holdings in shares of D.R. Horton by 69.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,823,284 shares of the construction company’s stock worth $307,387,000 after acquiring an additional 749,701 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their price target 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. Wells Fargo & Company boosted their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, Truist Financial boosted their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $147.82 on Wednesday. The stock has a fifty day moving average price of $144.72 and a 200-day moving average price of $149.49. The company has a market cap of $41.92 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a fifty-two week low of $115.79 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 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.