14,288 Shares in D.R. Horton, Inc. $DHI Bought by Allworth Financial LP

Key Points

• Allworth Financial LP bought 14,288 shares of D.R. Horton worth approximately $2.33 million in the second quarter. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding estimates of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus forecast.
• The company paid a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

Allworth Financial LP purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,288 shares of the construction company's stock, valued at approximately $2,327,000.

Several other large investors have also bought and sold shares of DHI. Core Wealth Advisors LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $25,000. Osbon Capital Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in shares of D.R. Horton in the 2nd quarter worth approximately $32,000. Wilkerson Advisory Group LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $30,000. Finally, First Horizon Corp lifted its stake in D.R. Horton by 81.3% in the fourth quarter. First Horizon Corp now owns 223 shares of the construction company's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $148.43 on Friday. The stock has a market cap of $41.52 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. The firm's fifty day simple moving average is $151.80 and its 200 day simple moving average is $149.75. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the business earned $3.36 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton's payout ratio is 17.13%.

Analyst Ratings Changes

Several equities analysts have weighed in on DHI shares. Citigroup reissued a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Wells Fargo & Company decreased their price objective on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods lowered their price objective on 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 research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus 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.

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