OP Asset Management Ltd Buys Shares of 27,815 D.R. Horton, Inc. $DHI

OP Asset Management Ltd purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the first quarter, Holdings Channel reports. The fund purchased 27,815 shares of the construction company’s stock, valued at approximately $3,817,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Capital World Investors raised its holdings in D.R. Horton by 22.1% in the 4th 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 during the last quarter. Capital Research Global Investors grew its holdings in D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after acquiring an additional 13,155 shares during the last quarter. Norges Bank acquired a new position in D.R. Horton in the 4th quarter valued at approximately $649,305,000. Morgan Stanley increased its position in D.R. Horton by 1.9% in the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after acquiring an additional 67,578 shares during the period. Finally, Invesco Ltd. raised its stake in shares of D.R. Horton by 4.5% during the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock valued at $507,441,000 after acquiring an additional 151,144 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DHI. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Barclays raised their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Citigroup increased their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price objective on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Trading Down 0.3%

DHI opened at $166.51 on Friday. D.R. Horton, Inc. has a twelve month low of $127.34 and a twelve month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $150.29 and a 200-day moving average of $150.01. The stock has a market cap of $47.22 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

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.