Berkshire Hathaway Inc Purchases New Stake in D.R. Horton, Inc. $DHI

Berkshire Hathaway Inc acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,485,350 shares of the construction company’s stock, valued at approximately $191,491,000. Berkshire Hathaway Inc owned 0.50% of D.R. Horton at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. State Street Corp grew its position in shares of D.R. Horton by 0.7% during the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after buying an additional 92,219 shares during the last quarter. Norges Bank bought a new position in shares of D.R. Horton during the second quarter valued at approximately $494,278,000. Dimensional Fund Advisors LP raised its position in shares of D.R. Horton by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company’s stock worth $446,093,000 after purchasing an additional 33,412 shares during the period. Franklin Resources Inc. lifted its holdings in shares of D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after purchasing an additional 450,362 shares during the last quarter. Finally, Invesco Ltd. grew its stake in D.R. Horton by 13.2% during the 2nd quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock worth $367,972,000 after buying an additional 333,846 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada raised their target price on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. BTIG Research began coverage on shares of D.R. Horton in a research report on Monday, December 1st. They issued a “buy” rating and a $186.00 price objective on the stock. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, October 29th. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Finally, Citigroup restated a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $161.08.

D.R. Horton Price Performance

NYSE DHI opened at $156.56 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market capitalization of $45.57 billion, a PE ratio of 13.51, a P/E/G ratio of 1.85 and a beta of 1.38. The company’s 50 day simple moving average is $151.95 and its 200 day simple moving average is $149.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same period in the previous year, the business posted $3.92 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is presently 15.53%.

D.R. Horton Profile

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.