Himension Capital Singapore PTE. LTD. Makes New $7.49 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Himension Capital Singapore PTE. LTD. purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 53,548 shares of the construction company’s stock, valued at approximately $7,487,000. D.R. Horton accounts for about 0.5% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 22nd largest position.

Several other large investors have also recently made changes to their positions in DHI. Geode Capital Management LLC lifted its stake in D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock worth $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton during the 4th quarter worth about $593,363,000. Franklin Resources Inc. boosted its holdings in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the period. Charles Schwab Investment Management Inc. grew its position in D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after acquiring an additional 47,678 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DHI. Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Citigroup lowered their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $127.67 on Friday. The firm has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $118.00 and a 52 week high of $199.85. The firm’s 50 day moving average is $131.02 and its two-hundred day moving average is $152.73.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business earned $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.