Plato Investment Management Ltd Purchases Shares of 14,157 D.R. Horton, Inc. $DHI

Plato Investment Management Ltd acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,157 shares of the construction company’s stock, valued at approximately $2,292,000.

Other institutional investors have also modified their holdings of the company. Merit Financial Group LLC increased its position in shares of D.R. Horton by 25.6% during the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of D.R. Horton by 132.9% in the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after purchasing an additional 8,517 shares during the period. Calamos Advisors LLC boosted its position in shares of D.R. Horton by 25.8% in the 4th quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock valued at $29,013,000 after purchasing an additional 41,249 shares during the period. California Public Employees Retirement System grew its stake in D.R. Horton by 94.1% during the 1st quarter. California Public Employees Retirement System now owns 880,665 shares of the construction company’s stock worth $120,845,000 after buying an additional 426,886 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in D.R. Horton by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after buying an additional 21,514 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.3%

DHI opened at $148.36 on Tuesday. The business has a 50 day moving average price of $152.05 and a two-hundred day moving average price of $149.79. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a market cap of $41.50 billion, a PE ratio of 14.12, a P/E/G ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Truist Financial raised their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. UBS Group upped their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $166.92.

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.