7,245 Shares in D.R. Horton, Inc. $DHI Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,245 shares of the construction company’s stock, valued at approximately $1,070,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vise Technologies Inc. lifted its holdings in D.R. Horton by 132.9% in the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock worth $2,150,000 after purchasing an additional 8,517 shares during the last quarter. Calamos Advisors LLC grew its holdings in D.R. Horton by 25.8% during the fourth quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock valued at $29,013,000 after purchasing an additional 41,249 shares during the last quarter. BlackRock Inc. bought a new position in shares of D.R. Horton in the second quarter valued at approximately $4,067,842,000. Alpine Woods Capital Investors LLC bought a new position in shares of D.R. Horton in the second quarter valued at approximately $2,219,000. Finally, California Public Employees Retirement System lifted its stake in shares of D.R. Horton by 94.1% in the first quarter. California Public Employees Retirement System now owns 880,665 shares of the construction company’s stock worth $120,845,000 after buying an additional 426,886 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 4.1%

Shares of D.R. Horton stock opened at $151.68 on Thursday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The firm has a market capitalization of $42.42 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company’s fifty day moving average price is $152.04 and its two-hundred day moving average price is $149.77.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion for 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%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $3.36 EPS. On average, analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is 17.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays lifted their price objective on 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. Finally, Wells Fargo & Company cut their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.