D.R. Horton, Inc. $DHI Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its D.R. Horton stake by 18.9% in the second quarter, adding 12,228 shares to own 77,024 shares valued at approximately $12.5 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 “Hold” rating and an average price target of $166.08. Recent target changes ranged from $141 to $184.
• D.R. Horton exceeded quarterly earnings expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue. The company also paid a quarterly dividend of $0.45 per share, equivalent to a 1.3% annualized yield.

Tidal Investments LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,024 shares of the construction company's stock after buying an additional 12,228 shares during the period. Tidal Investments LLC's holdings in D.R. Horton were worth $12,546,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

DHI has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on D.R. Horton from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Friday. Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Barclays lifted their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a report on Tuesday, July 14th. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $166.08.

D.R. Horton Stock Performance

Shares of DHI stock opened at $138.01 on Friday. The stock's 50-day moving average price is $146.97 and its 200 day moving average price is $147.89. 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 stock has a market capitalization of $38.60 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $180.64.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 12.47% and a net margin of 9.15%.The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $3.36 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.45 EPS for the current 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.

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