Alpine Woods Capital Investors LLC Takes Position in D.R. Horton, Inc. $DHI

Key Points

• Alpine Woods Capital Investors acquired 13,621 shares of D.R. Horton worth approximately $2.22 million in the second quarter. 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 expectations of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus estimate.
• The company pays a quarterly dividend of $0.45, equivalent to $1.80 annually and a 1.2% yield. Analysts maintain an overall “Hold” rating, with an average price target of $166.92 compared with the stock’s reported opening price of $145.75.

Alpine Woods Capital Investors LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,621 shares of the construction company's stock, valued at approximately $2,219,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new position in D.R. Horton in the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton in the fourth quarter worth approximately $26,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Bell Investment Advisors Inc acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $32,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $145.75 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a 50-day moving average of $151.94 and a 200-day moving average of $149.76. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a market cap of $40.77 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.36 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton's revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $3.36 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton's dividend payout ratio is presently 17.13%.

Wall Street Analyst Weigh In

DHI has been the topic of several research analyst reports. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Citigroup reissued a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Barclays raised their price objective on 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. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average target price of $166.92.

D.R. Horton Company 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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