Equitable Holdings Inc. Purchases New Shares in D.R. Horton, Inc. $DHI

Equitable Holdings Inc. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,120 shares of the construction company’s stock, valued at approximately $671,000.

A number of other large investors have also recently modified their holdings of DHI. Fiduciary Financial Advisors bought a new position in shares of D.R. Horton in the 2nd quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new stake in D.R. Horton in the fourth quarter worth $26,000. Bell Investment Advisors Inc purchased a new stake in D.R. Horton in the second quarter worth $32,000. Finally, Compass Financial Management LLC bought a new position in D.R. Horton in the second quarter worth $31,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DHI. BTIG Research set a $184.00 target price on shares of D.R. Horton in a report 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. Barclays boosted their price objective on shares of 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. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Five investment 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, the stock has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $147.58 on Friday. The firm has a market cap of $41.28 billion, a P/E ratio of 14.04, a PEG ratio of 2.34 and a beta of 1.37. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. 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 company has a 50 day moving average of $151.06 and a 200 day moving average of $149.52.

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

D.R. Horton Dividend Announcement

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

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.