Public Employees Retirement System of Ohio acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 79,816 shares of the construction company's stock, valued at approximately $13,000,000.
Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its position in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock worth $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at $302,000. Brown Advisory Inc. raised its position in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock worth $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock worth $4,503,000 after acquiring an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.
D.R. Horton Trading Up 0.1%
NYSE:DHI opened at $147.58 on Monday. 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, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The firm has a market capitalization of $41.28 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.34 and a beta of 1.37. The business's 50-day moving average price is $151.06 and its two-hundred day moving average price is $149.49.
D.R. Horton (NYSE:DHI - Get Free Report) last posted 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 company 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 company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.36 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.
D.R. Horton Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued 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 yield of 1.2%. D.R. Horton's payout ratio is currently 17.13%.
Analyst Ratings Changes
Several research firms recently issued reports on DHI. The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Citigroup restated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 14th. Finally, BTIG Research set a $184.00 price target on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $166.92.
Check Out Our Latest Stock Analysis on D.R. Horton
About D.R. Horton
(
Free Report)
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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