Jennison Associates LLC bought a new stake in shares of D. R. Horton Inc (NYSE:DHI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 16,576 shares of the construction company’s stock, valued at approximately $680,000.

A number of other large investors have also bought and sold shares of DHI. Private Capital Group LLC boosted its stake in shares of D. R. Horton by 2,107.6% during the 1st quarter. Private Capital Group LLC now owns 2,627 shares of the construction company’s stock worth $115,000 after purchasing an additional 2,508 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of D. R. Horton during the 2nd quarter worth about $162,000. NuWave Investment Management LLC boosted its stake in shares of D. R. Horton by 10,085.7% during the 1st quarter. NuWave Investment Management LLC now owns 4,278 shares of the construction company’s stock worth $187,000 after purchasing an additional 4,236 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of D. R. Horton by 257.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,645 shares of the construction company’s stock worth $204,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of D. R. Horton during the 1st quarter worth about $209,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Several equities research analysts have issued reports on DHI shares. Wedbush raised their price target on shares of D. R. Horton from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 3rd. Credit Suisse Group set a $55.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, April 26th. Evercore ISI raised shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a research note on Friday, July 27th. ValuEngine cut shares of D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Mizuho set a $46.00 price target on shares of D. R. Horton and gave the stock a “hold” rating in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $54.27.

DHI opened at $44.38 on Friday. The company has a market cap of $16.91 billion, a PE ratio of 16.20, a PEG ratio of 1.10 and a beta of 1.17. D. R. Horton Inc has a 52-week low of $34.95 and a 52-week high of $53.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.32 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. equities research analysts predict that D. R. Horton Inc will post 4.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. D. R. Horton’s dividend payout ratio is currently 18.25%.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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