Invst LLC Takes $975,000 Position in D.R. Horton, Inc. $DHI

Invst LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, Holdings Channel.com reports. The fund acquired 5,985 shares of the construction company’s stock, valued at approximately $975,000.

A number of other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in 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 in the second quarter worth approximately $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 1.3%

NYSE DHI opened at $150.91 on Wednesday. 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 firm has a market cap of $42.21 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.36 and a beta of 1.37. The firm has a 50 day simple moving average of $151.57 and a 200-day simple moving average of $149.67. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last announced 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. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. 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 dividend payout ratio (DPR) is presently 17.13%.

Analyst Ratings Changes

A number of research firms have commented on DHI. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Five equities research 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.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $166.92.

D.R. Horton Company 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.