Capital International Inc. CA Boosts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Capital International Inc. CA raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,616 shares of the construction company’s stock after purchasing an additional 6,376 shares during the period. Capital International Inc. CA’s holdings in D.R. Horton were worth $3,861,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DHI. Dimensional Fund Advisors LP increased its position in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock worth $485,984,000 after buying an additional 72,161 shares in the last quarter. Dnca Finance increased its position in D.R. Horton by 51.5% during the 4th quarter. Dnca Finance now owns 33,200 shares of the construction company’s stock worth $4,642,000 after purchasing an additional 11,279 shares in the last quarter. First Trust Advisors LP raised its position in shares of D.R. Horton by 34.0% in the fourth quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company’s stock valued at $298,258,000 after buying an additional 540,737 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of D.R. Horton by 17.4% during the 4th quarter. GeoWealth Management LLC now owns 5,575 shares of the construction company’s stock worth $779,000 after purchasing an additional 827 shares during the period. Finally, Capital International Sarl boosted its stake in D.R. Horton by 22.2% in the 4th quarter. Capital International Sarl now owns 3,229 shares of the construction company’s stock worth $451,000 after buying an additional 586 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DHI shares. BTIG Research decreased their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Citigroup cut their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $162.92.

D.R. Horton Stock Performance

Shares of DHI opened at $121.29 on Monday. The company has a 50-day moving average of $126.41 and a two-hundred day moving average of $146.67. The stock has a market cap of $38.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the prior year, the business posted $3.52 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. D.R. Horton’s dividend payout ratio is 12.11%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.