UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 122,434 Shares of D.R. Horton, Inc. $DHI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in D.R. Horton, Inc. (NYSE:DHI) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,903,786 shares of the construction company’s stock after acquiring an additional 122,434 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in D.R. Horton were worth $472,969,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Silvant Capital Management LLC purchased a new position in D.R. Horton in the 2nd quarter worth approximately $4,828,000. Johnson Financial Group Inc. purchased a new stake in D.R. Horton during the 2nd quarter valued at approximately $6,126,000. Vise Technologies Inc. raised its position in shares of D.R. Horton by 132.9% during the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after buying an additional 8,517 shares during the last quarter. BlackRock Inc. purchased a new position in shares of D.R. Horton in the second quarter worth $4,067,842,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of D.R. Horton in the second quarter worth $2,219,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.1%

Shares of NYSE DHI opened at $147.58 on Monday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The firm’s 50-day moving average price is $151.06 and its 200-day moving average price is $149.49. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.34 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 company had revenue of $9.23 billion for 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 for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.36 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DHI shares. Barclays raised their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price objective on 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. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $166.92.

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.