D.R. Horton, Inc. $DHI is Bcwm LLC’s 5th Largest Position

Bcwm LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 20.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,093 shares of the construction company’s stock after acquiring an additional 14,469 shares during the period. D.R. Horton makes up about 3.6% of Bcwm LLC’s holdings, making the stock its 5th largest holding. Bcwm LLC’s holdings in D.R. Horton were worth $12,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Capital World Investors grew its holdings in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton in the fourth quarter worth $649,305,000. Capital International Investors bought a new stake in D.R. Horton in the third quarter worth $395,179,000. Boston Partners bought a new stake in D.R. Horton in the third quarter worth $274,784,000. Finally, Viking Global Investors LP lifted its position in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI stock opened at $145.85 on Friday. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54. The firm has a market capitalization of $41.36 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.04 and a beta of 1.37. 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 stock’s 50-day simple moving average is $145.46 and its 200-day simple moving average is $149.52.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping 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 return on equity of 12.94% and a net margin of 9.51%.The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DHI. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. UBS Group raised their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Truist Financial raised their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Finally, Citigroup boosted their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.54.

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.