7,280 Shares in D.R. Horton, Inc. $DHI Bought by Algert Global LLC

Key Points

• Algert Global LLC bought 7,280 shares of D.R. Horton worth approximately $1.19 million in the second quarter. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• Analysts maintain a generally cautious outlook, with five Buy ratings and ten Hold ratings. D.R. Horton has an average price target of $166.92, while recent targets ranged from $141 to $184.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue. The company also pays a quarterly dividend of $0.45 per share, equivalent to a 1.2% annualized yield.

Algert Global LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,280 shares of the construction company's stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Gallo Partners LP bought a new position in shares of D.R. Horton during the second quarter worth about $984,000. TCM Advisors LLC acquired a new stake in D.R. Horton during the second quarter valued at approximately $702,000. Infrastructure Capital Advisors LLC bought a new position in D.R. Horton during the 2nd quarter worth approximately $5,537,000. Cibc World Market Inc. bought a new position in D.R. Horton during the 2nd quarter worth approximately $6,856,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $36,587,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DHI. Keefe, Bruyette & Woods dropped their price target on 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. The Goldman Sachs Group reissued a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays boosted their price objective on shares of 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. Finally, BTIG Research set a $184.00 target price on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average price target of $166.92.

D.R. Horton Trading Up 1.6%

Shares of NYSE:DHI opened at $147.58 on Friday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $151.06 and its 200 day moving average price is $149.52. The company has a market cap of $41.28 billion, a PE ratio of 14.04, a P/E/G ratio of 2.34 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.36 EPS. Sell-side analysts anticipate 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 announced 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 of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is presently 17.13%.

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.

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