Empowered Funds LLC Takes $25.17 Million Position in D.R. Horton, Inc. $DHI

Key Points

• Empowered Funds LLC acquired 154,547 D.R. Horton shares during the second quarter, worth approximately $25.17 million and representing a 0.06% stake. Institutional investors collectively own 90.63% of the company.
• D.R. Horton’s latest quarterly results exceeded expectations, with EPS of $3.20 versus the $3.02 consensus and revenue of $9.23 billion compared with estimates of $9.10 billion.
• Analysts maintain a generally cautious outlook: five rate the stock a Buy and ten rate it Hold, producing an average rating of “Hold” and an average price target of $166.92. Shares recently opened at $145.25, while the company pays a $0.45 quarterly dividend.

Empowered Funds LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 154,547 shares of the construction company's stock, valued at approximately $25,173,000. Empowered Funds LLC owned 0.06% of D.R. Horton as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock worth $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock worth $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton during the second quarter worth $302,000. Brown Advisory Inc. lifted its position in D.R. Horton by 3.4% during the second 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 period. Finally, Cerity Partners LLC boosted its holdings in D.R. Horton by 8.9% in the second 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 last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on DHI. BTIG Research set a $184.00 price target on D.R. Horton in a research report on Wednesday, July 22nd. Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 4th. Barclays boosted their price target on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a report on Tuesday, July 14th. Finally, Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $166.92.

D.R. Horton Trading Down 2.7%

DHI stock opened at $145.25 on Friday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. 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 firm has a market cap of $40.63 billion, a P/E ratio of 13.82, a PEG ratio of 2.37 and a beta of 1.37. The company's 50-day simple moving average is $151.27 and its 200-day simple moving average is $149.53.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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 firm had revenue of $9.23 billion during the quarter, compared to analyst estimates 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 for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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