D.R. Horton, Inc. $DHI Shares Bought by Clough Capital Partners L P

Clough Capital Partners L P lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,281 shares of the construction company’s stock after acquiring an additional 13,007 shares during the quarter. D.R. Horton makes up approximately 3.0% of Clough Capital Partners L P’s investment portfolio, making the stock its 9th largest position. Clough Capital Partners L P owned approximately 0.08% of D.R. Horton worth $33,311,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after buying an additional 6,695,592 shares in the last quarter. Capital Research Global Investors grew its position in shares of D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after acquiring an additional 13,155 shares during the period. Norges Bank acquired a new position in shares of D.R. Horton during the 4th quarter worth about $649,305,000. Morgan Stanley increased its stake in shares of D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after purchasing an additional 67,578 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of D.R. Horton by 18.1% during the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after purchasing an additional 517,752 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. UBS Group lifted their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays lifted their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lifted their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Truist Financial lifted their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $152.23 on Thursday. The stock has a market cap of $43.17 billion, a P/E ratio of 14.27, a PEG ratio of 2.19 and a beta of 1.37. The stock has a 50 day simple moving average of $147.74 and a 200 day simple moving average of $149.88. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 1-year low of $119.64 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

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

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.