Capital World Investors Has $5.13 Billion Position in D.R. Horton, Inc. $DHI

Capital World Investors boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 159.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,252,842 shares of the construction company’s stock after acquiring an additional 18,607,545 shares during the period. Capital World Investors owned 10.15% of D.R. Horton worth $5,126,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Concord Wealth Partners bought a new stake in D.R. Horton during the 3rd quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the third quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new stake in shares of D.R. Horton in the third quarter valued at approximately $31,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton in the third quarter worth $34,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.3%

NYSE:DHI opened at $147.75 on Tuesday. The company has a market cap of $42.80 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The stock’s fifty day moving average price is $155.15 and its two-hundred day moving average price is $157.15.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the business posted $2.61 EPS. D.R. Horton’s revenue was down 9.5% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Citigroup decreased their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Evercore boosted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $159.93.

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.