Berkshire Hathaway Inc Invests $581,000 in D.R. Horton, Inc. $DHI

Berkshire Hathaway Inc acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,564 shares of the construction company’s stock, valued at approximately $581,000. D.R. Horton makes up approximately 0.0% of Berkshire Hathaway Inc’s portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently bought and sold shares of DHI. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of D.R. Horton in the second quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Finally, Compass Financial Management LLC purchased a new position in D.R. Horton during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DHI shares. Wells Fargo & Company lowered their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $166.92.

D.R. Horton Trading Down 1.0%

DHI opened at $149.33 on Thursday. The stock has a market capitalization of $41.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The business’s 50 day moving average price is $151.51 and its 200 day moving average price is $149.61.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the firm earned $3.36 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

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

D.R. Horton 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.