Meeder Advisory Services Inc. Acquires New Holdings in D.R. Horton, Inc. $DHI

Meeder Advisory Services Inc. bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, Holdings Channel.com reports. The firm bought 11,542 shares of the construction company’s stock, valued at approximately $1,880,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHI. Capital World Investors raised its holdings in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after buying an additional 6,695,592 shares during the last quarter. BlackRock Inc. bought a new position in D.R. Horton in the 2nd quarter worth approximately $4,067,842,000. Capital Research Global Investors increased its position in D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after acquiring an additional 13,155 shares during the period. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $649,305,000. Finally, Morgan Stanley raised its stake in D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after acquiring an additional 67,578 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $145.75 on Wednesday. The business has a 50 day moving average price of $151.94 and a two-hundred day moving average price of $149.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Research analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DHI. Barclays increased their price target on 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 restated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.