Two Sigma Securities LLC Invests $1.61 Million in D.R. Horton, Inc. $DHI

Two Sigma Securities LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 9,857 shares of the construction company’s stock, valued at approximately $1,606,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the fourth quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in shares of D.R. Horton during the second quarter valued at about $25,000. Caitlin John LLC purchased a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $26,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.1%

DHI stock opened at $147.58 on Monday. The company has a market capitalization of $41.28 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.34 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 firm’s fifty day simple moving average is $151.06 and its 200-day simple moving average is $149.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations 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 was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $3.36 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on DHI. Barclays upped their price target 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. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods reduced their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, Citigroup restated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.