Brandywine Global Investment Management LLC Acquires 86,437 Shares of D.R. Horton, Inc. $DHI

Brandywine Global Investment Management LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,512 shares of the construction company’s stock after purchasing an additional 86,437 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in D.R. Horton were worth $56,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners bought a new stake in shares of D.R. Horton during the third quarter worth $25,000. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $25,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $27,000. Elevated Capital Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $27,000. Finally, Ameriflex Group Inc. acquired a new position in shares of D.R. Horton during the third quarter worth about $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on DHI shares. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Barclays raised their price target on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group increased their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group raised their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Performance

NYSE DHI opened at $145.85 on Monday. The stock has a market cap of $41.36 billion, a PE ratio of 13.67, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The firm has a 50-day moving average of $145.46 and a 200-day moving average of $149.60. D.R. Horton, Inc. has a 52-week low of $119.54 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.87%.

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.