NEOS Investment Management LLC Buys 4,905 Shares of D.R. Horton, Inc. $DHI

NEOS Investment Management LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,064 shares of the construction company’s stock after acquiring an additional 4,905 shares during the period. NEOS Investment Management LLC’s holdings in D.R. Horton were worth $7,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. bought a new position in D.R. Horton during the second quarter valued at approximately $4,067,842,000. Capital World Investors boosted its position in shares of D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton in the fourth quarter valued at $649,305,000. Bank of America Corp DE bought a new stake in D.R. Horton in the second quarter worth $477,358,000. Finally, Bank of New York Mellon Corp bought a new stake in D.R. Horton in the second quarter worth $294,292,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $142.81 on Friday. The stock has a market cap of $39.94 billion, a PE ratio of 13.59, a P/E/G ratio of 2.27 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a 50-day moving average price of $149.13 and a 200 day moving average price of $148.84. 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 (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $3.36 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods decreased 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 report on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Wells Fargo & Company reduced their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Finally, Barclays upped their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.