Ancora Advisors LLC Takes Position in D.R. Horton, Inc. $DHI

Key Points

• Ancora Advisors established a new position in D.R. Horton during the second quarter, purchasing 21,739 shares valued at approximately $3.54 million. Institutional investors 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.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $166.92. Shares opened at $149.33, and the company pays a quarterly dividend of $0.45, yielding about 1.2% annually.

Ancora Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,739 shares of the construction company's stock, valued at approximately $3,541,000.

Several other hedge funds have also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC increased its position in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC bought a new stake in D.R. Horton during the 2nd quarter valued at $302,000. Brown Advisory Inc. boosted its stake in D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock worth $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC lifted its stake in D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock worth $4,503,000 after purchasing an additional 2,859 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 4th. Barclays boosted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. 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. Finally, Citigroup restated a "neutral" rating on shares of D.R. Horton in a research 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 stock. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average price target of $166.92.

D.R. Horton Trading Down 1.0%

NYSE:DHI opened at $149.33 on Thursday. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.39 and a beta of 1.37. 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 $151.51 and its 200-day moving average price is $149.61. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share 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 during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business earned $3.36 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm 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 of this dividend 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 17.13%.

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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