Sapient Capital LLC Grows Stake in D.R. Horton, Inc. $DHI

Sapient Capital LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.4% in the third quarter, Holdings Channel reports. The fund owned 65,688 shares of the construction company’s stock after purchasing an additional 3,970 shares during the quarter. Sapient Capital LLC’s holdings in D.R. Horton were worth $11,154,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. State Street Corp increased 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 purchasing an additional 92,219 shares during the last quarter. Norges Bank bought a new stake in D.R. Horton during the second quarter valued at approximately $494,278,000. Franklin Resources Inc. increased its holdings in D.R. Horton by 16.4% during the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after buying an additional 450,362 shares during the last quarter. Invesco Ltd. raised its position in D.R. Horton by 13.2% in the second quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock worth $367,972,000 after acquiring an additional 333,846 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of D.R. Horton by 42.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after acquiring an additional 846,085 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada raised their target price on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Barclays increased their target price on shares of D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, UBS Group lifted their price target on shares of D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Stock Performance

NYSE:DHI opened at $146.31 on Friday. The stock has a 50-day moving average price of $150.49 and a 200 day moving average price of $151.97. The stock has a market capitalization of $42.59 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.74 and a beta of 1.38. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the previous year, the company earned $3.92 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $0.45 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

D.R. Horton Company 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.