North Dakota State Investment Board Takes Position in D.R. Horton, Inc. $DHI

North Dakota State Investment Board purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 9,122 shares of the construction company’s stock, valued at approximately $1,314,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Concord Wealth Partners acquired a new position in D.R. Horton during the 3rd quarter worth about $25,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $27,000. Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $27,000. Ameriflex Group Inc. bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $31,000. Finally, First Horizon Corp increased its stake in shares of D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Evercore raised their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Royal Bank Of Canada raised their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Down 2.0%

Shares of NYSE DHI opened at $134.76 on Wednesday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $38.21 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.93 and a beta of 1.41. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The stock has a 50-day moving average price of $144.04 and a two-hundred day moving average price of $149.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate 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 quarterly 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, analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

D.R. Horton 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.