Burgundy Asset Management Ltd. Takes Position in D.R. Horton, Inc. $DHI

Burgundy Asset Management Ltd. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 362,368 shares of the construction company’s stock, valued at approximately $46,716,000. Burgundy Asset Management Ltd. owned approximately 0.12% of D.R. Horton at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Twin Capital Management Inc. grew its position in D.R. Horton by 0.3% during the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of D.R. Horton by 4.8% during the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after acquiring an additional 80 shares in the last quarter. Horizon Investments LLC increased its stake in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after acquiring an additional 83 shares during the last quarter. Franchise Capital Ltd raised its holdings in shares of D.R. Horton by 15.7% during the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after acquiring an additional 85 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of D.R. Horton by 5.3% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock worth $258,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DHI shares. Bank of America dropped their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of D.R. Horton in a research report on Monday, December 1st. BTIG Research initiated coverage on D.R. Horton in a report on Monday, December 1st. They set a “buy” rating and a $186.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $160.15.

D.R. Horton Stock Down 1.3%

Shares of DHI opened at $158.59 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The company has a 50-day simple moving average of $153.75 and a 200-day simple moving average of $148.77. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The firm has a market capitalization of $46.32 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.89 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.92 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $0.45 dividend. The ex-dividend date was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is currently 15.53%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.