Corient Private Wealth LLC Boosts Stock Position in D.R. Horton, Inc. $DHI

Corient Private Wealth LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 105,155 shares of the construction company’s stock after acquiring an additional 4,270 shares during the period. Corient Private Wealth LLC’s holdings in D.R. Horton were worth $15,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors boosted its position in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton in the fourth quarter valued at $649,305,000. Capital International Investors purchased a new position in D.R. Horton during the third quarter worth about $395,179,000. Boston Partners acquired a new stake in D.R. Horton in the 3rd quarter valued at approximately $274,784,000. Finally, Viking Global Investors LP grew its stake in shares of 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 valued at $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $156.36 on Wednesday. D.R. Horton, Inc. has a 1 year low of $125.04 and a 1 year high of $184.54. 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 has a fifty day moving average price of $148.99 and a 200 day moving average price of $149.80. The stock has a market cap of $44.34 billion, a PE ratio of 14.65, a P/E/G ratio of 2.19 and a beta of 1.37.

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 company 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 business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 EPS. Sell-side 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend 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 (DPR) is currently 16.87%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DHI shares. Barclays upped their target price 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. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. 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 research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group lifted their price objective 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $168.54.

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.