Ariel Investments LLC Acquires 7,022 Shares of D.R. Horton, Inc. $DHI

Ariel Investments LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,643 shares of the construction company’s stock after buying an additional 7,022 shares during the quarter. Ariel Investments LLC’s holdings in D.R. Horton were worth $18,647,000 at the end of the most recent quarter.

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

D.R. Horton Stock Down 2.1%

Shares of DHI stock opened at $149.17 on Wednesday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The stock has a fifty day moving average price of $152.99 and a 200 day moving average price of $149.43. The stock has a market cap of $43.57 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last announced 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 business had revenue of $9.68 billion during 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $3.92 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DHI shares. Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup reiterated a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. BTIG Research started coverage on D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. Finally, Barclays lifted their price target on D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $161.08.

D.R. Horton Company Profile

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.