Corient Private Wealth LP Buys Shares of 102,884 D.R. Horton, Inc. $DHI

Key Points

• Corient Private Wealth acquired 102,884 D.R. Horton shares during the second quarter, valued at approximately $16.76 million. Institutional investors collectively own 90.63% of the company.
• Analyst sentiment remains cautious, with five Buy ratings and ten Hold ratings producing a consensus rating of Hold and an average price target of $166.92.
• D.R. Horton exceeded quarterly earnings expectations, reporting $3.20 in adjusted earnings per share versus the $3.02 consensus estimate and $9.23 billion in revenue. The company also paid a quarterly dividend of $0.45 per share, yielding about 1.2% annually.

Corient Private Wealth LP purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 102,884 shares of the construction company's stock, valued at approximately $16,758,000.

A number of other hedge funds have also recently modified their holdings of the business. Core Wealth Advisors LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $25,000. Fiduciary Financial Advisors bought a new position in shares of D.R. Horton during the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. Finally, Compass Financial Management LLC bought a new stake in D.R. Horton during the 2nd quarter worth approximately $31,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DHI shares. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays raised 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. The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Price Performance

DHI stock opened at $147.58 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The company's fifty day moving average price is $151.06 and its 200-day moving average price is $149.52. 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 capitalization of $41.28 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37.

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 for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $3.36 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given 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 dividend 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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