OMERS ADMINISTRATION Corp Acquires 4,821 Shares of D.R. Horton, Inc. $DHI

OMERS ADMINISTRATION Corp lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 38.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,252 shares of the construction company’s stock after buying an additional 4,821 shares during the period. OMERS ADMINISTRATION Corp’s holdings in D.R. Horton were worth $2,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DHI. Core Wealth Advisors LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Elevated Capital Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $27,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 2.3%

DHI stock opened at $151.05 on Wednesday. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The stock has a market cap of $42.25 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.36. The company has a fifty day moving average price of $151.37 and a two-hundred day moving average price of $150.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company posted $3.36 earnings per share. D.R. Horton’s revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton, Inc. will post 10.54 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DHI shares. Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $168.17.

D.R. Horton Company 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.