BlackRock acquired 27.8M D.R. Horton shares worth $4.08B. That's 0.06% of their equity portfolio (255th largest holding). The investor owns 9.77% of the outstanding D.R. Horton stock. The first D.R. Horton trade was made in Q4 2020. Since then BlackRock bought shares eight more times and sold shares on nine occasions. The stake costed the investor $2.43B, netting the investor a gain of 68% so far.
D.R. Horton is positioned as the premier play on improving U.S. housing affordability, driven by declining mortgage rates and policy support. DHI's customer ...
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CNBC's Jim Cramer explains why he is keeping an eye on shares of D.R. Horton.