Infrastructure Capital Advisors LLC Makes New $701,000 Investment in D.R. Horton, Inc. $DHI

Infrastructure Capital Advisors LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,111 shares of the construction company’s stock, valued at approximately $701,000.

A number of other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton during the 2nd quarter valued at $302,000. Brown Advisory Inc. grew its holdings in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC raised its position in D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.4%

Shares of DHI opened at $147.40 on Tuesday. The stock has a market capitalization of $41.23 billion, a P/E ratio of 14.02, a PEG ratio of 2.31 and a beta of 1.36. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $151.04 and a two-hundred day simple moving average of $150.42. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the company earned $3.36 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton, Inc. will post 10.54 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s payout ratio is currently 17.13%.

Analysts Set New Price Targets

Several research firms have weighed in on DHI. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Truist Financial boosted their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Barclays increased their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $168.17.

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.