Healthcare of Ontario Pension Plan Trust Fund Purchases 6,102 Shares of D.R. Horton, Inc. $DHI

Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 56.4% in the first quarter, Holdings Channel reports. The fund owned 16,928 shares of the construction company’s stock after buying an additional 6,102 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in D.R. Horton were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Core Wealth Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton during the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $30,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Down 1.5%

DHI opened at $143.36 on Friday. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm’s fifty day moving average price is $151.49 and its two-hundred day moving average price is $150.38. The company has a market capitalization of $40.10 billion, a P/E ratio of 13.64, a P/E/G ratio of 2.31 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.36 EPS. On average, analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s dividend payout ratio is 17.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Barclays boosted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.17.

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.