Allianz SE Purchases New Position in D.R. Horton, Inc. (NYSE:DHI)

Allianz SE acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,772 shares of the construction company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $1,853,178,000. Geode Capital Management LLC increased its position in D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after acquiring an additional 21,073 shares during the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton in the fourth quarter valued at $593,363,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after acquiring an additional 47,678 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $127.16 on Tuesday. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $132.49 and its 200 day moving average is $154.36.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analysts Set New Price Targets

DHI has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group decreased their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

About D.R. Horton

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.