United Capital Financial Advisors LLC Invests $4.15 Million in D.R. Horton, Inc. $DHI

United Capital Financial Advisors LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, Holdings Channel.com reports. The fund acquired 25,499 shares of the construction company’s stock, valued at approximately $4,153,000.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. increased its stake in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new stake in D.R. Horton during the second quarter worth about $302,000. Brown Advisory Inc. lifted its position in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after purchasing an additional 208 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.6%

DHI opened at $147.58 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a market cap of $41.28 billion, a P/E ratio of 14.04, a PEG ratio of 2.31 and a beta of 1.37. The business’s 50-day simple moving average is $151.06 and its 200-day simple moving average is $149.52.

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

D.R. Horton Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods dropped 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 report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. BTIG Research set a $184.00 price objective on D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently 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.