14,111 Shares in D.R. Horton, Inc. $DHI Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 14,111 shares of D.R. Horton in the second quarter, valued at approximately $2.3 million. Institutional investors and hedge funds collectively own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding analyst estimates of $3.02, while revenue reached $9.23 billion versus expectations of $9.10 billion.
• The company declared a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 payout and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

Quantbot Technologies LP acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,111 shares of the construction company's stock, valued at approximately $2,298,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new position in shares of D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton in the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new position in D.R. Horton during the 4th quarter valued at about $30,000. Bell Investment Advisors Inc acquired a new position in D.R. Horton during the 2nd quarter valued at about $32,000. Finally, Activest Wealth Management grew its position in D.R. Horton by 487.8% in the 4th quarter. Activest Wealth Management now owns 241 shares of the construction company's stock worth $35,000 after purchasing an additional 200 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 0.5%

Shares of NYSE:DHI opened at $149.04 on Tuesday. The company has a 50 day moving average of $151.68 and a 200-day moving average of $149.72. The firm has a market cap of $41.69 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business earned $3.36 earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DHI shares. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their price target on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.

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