Bcwm LLC Makes New Investment in D.R. Horton, Inc. $DHI

Key Points

• Bcwm LLC acquired 53,693 shares of D.R. Horton in the second quarter, valued at approximately $8.75 million and representing about 2.6% of its portfolio. Institutional investors collectively own 90.63% of DHI.
• Analyst sentiment remains mixed: five analysts rate the stock a Buy and ten rate it a Hold, resulting in a consensus “Hold” rating and a $166.92 target price.
• D.R. Horton reported quarterly EPS of $3.20, exceeding estimates of $3.02, while revenue reached $9.23 billion. The company also declared a quarterly dividend of $0.45 per share, equivalent to a 1.2% annual yield.

Bcwm LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 53,693 shares of the construction company's stock, valued at approximately $8,745,000. D.R. Horton makes up about 2.6% of Bcwm LLC's holdings, making the stock its 16th biggest position.

Several other institutional investors have also made changes to their positions in DHI. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $4,067,842,000. Capital World Investors grew its position in D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company's stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton during the 4th quarter worth approximately $649,305,000. Bank of New York Mellon Corp acquired a new stake in D.R. Horton during the 2nd quarter valued at $294,292,000. Finally, Legal & General Group Plc purchased a new stake in shares of D.R. Horton in the second quarter valued at $280,664,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on DHI shares. 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 raised D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. BTIG Research set a $184.00 price objective on D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered their target price 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. Finally, Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $149.33 on Thursday. The firm has a market cap of $41.77 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $151.51 and a 200 day simple moving average of $149.61.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its 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. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company posted $3.36 earnings per share. The business's quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.2%. D.R. Horton's payout ratio is presently 17.13%.

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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