Legal & General Group Plc Buys New Position in D.R. Horton, Inc. $DHI

Legal & General Group Plc bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,723,136 shares of the construction company’s stock, valued at approximately $280,664,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fiduciary Financial Advisors purchased a new stake in D.R. Horton during the second quarter valued at about $25,000. Core Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $25,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new position in shares of D.R. Horton during the 2nd quarter valued at about $32,000. Finally, Compass Financial Management LLC purchased a new position in shares of D.R. Horton during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $149.33 on Thursday. The stock has a market capitalization of $41.77 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.39 and a beta of 1.37. The firm’s 50-day moving average price is $151.51 and its two-hundred day moving average price is $149.61. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last posted its earnings results 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. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $3.36 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm 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 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DHI. Wells Fargo & Company cut their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Citigroup restated a “neutral” rating on shares of D.R. Horton 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 note on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.