Man Group plc Has $59.43 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Man Group plc raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 161.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 425,028 shares of the construction company’s stock after buying an additional 262,486 shares during the quarter. Man Group plc owned about 0.13% of D.R. Horton worth $59,427,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of D.R. Horton by 4.8% during the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after purchasing an additional 84 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after purchasing an additional 91 shares in the last quarter. Finally, Bfsg LLC lifted its holdings in shares of D.R. Horton by 24.4% during the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock valued at $68,000 after purchasing an additional 95 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 3.5%

DHI stock opened at $121.97 on Thursday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $37.47 billion, a PE ratio of 8.62, a PEG ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The business’s 50 day simple moving average is $124.87 and its 200 day simple moving average is $139.62.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the prior year, the company earned $3.52 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. D.R. Horton’s payout ratio is 12.11%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JPMorgan Chase & Co. cut their target price on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Barclays cut their target price on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Finally, JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $151.15.

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.