Caisse de depot et placement du Quebec Makes New $138.03 Million Investment in D.R. Horton, Inc. $DHI

Caisse de depot et placement du Quebec acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 847,435 shares of the construction company’s stock, valued at approximately $138,030,000.

Several other hedge funds and other institutional investors have also modified their holdings of DHI. Integrated Wealth Concepts LLC grew its holdings in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. raised its holdings in D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in D.R. Horton in the second quarter valued at approximately $302,000. Brown Advisory Inc. lifted its position in D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.0%

DHI opened at $149.33 on Thursday. The firm’s 50 day moving average is $151.51 and its 200-day moving average is $149.61. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. 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 firm has a market capitalization of $41.77 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.36 earnings per share. Analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is currently 17.13%.

Analyst Ratings Changes

DHI has been the subject of several recent research reports. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods reduced 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. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. BTIG Research set a $184.00 price target on D.R. Horton in a report on Wednesday, July 22nd. Finally, Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $166.92.

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.