EP Wealth Advisors LLC Acquires New Shares in D.R. Horton, Inc. $DHI

Key Points

• EP Wealth Advisors acquired 8,918 shares of D.R. Horton worth approximately $1.45 million in the second quarter. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• D.R. Horton reported quarterly EPS of $3.20, exceeding the $3.02 analyst consensus, while revenue reached $9.23 billion versus the $9.10 billion estimate. Analysts expect full-year EPS of $10.47.
• The company pays a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

EP Wealth Advisors LLC acquired a new stake in 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 acquired 8,918 shares of the construction company's stock, valued at approximately $1,452,000.

A number of other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $30,000. Bell Investment Advisors Inc purchased a new stake in shares of D.R. Horton in the 2nd quarter worth about $32,000. Finally, Activest Wealth Management grew its stake in D.R. Horton by 487.8% in the 4th quarter. Activest Wealth Management now owns 241 shares of the construction company's stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $148.43 on Monday. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The firm has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The company's 50-day moving average is $151.80 and its two-hundred day moving average is $149.75. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.36 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors 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 yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BTIG Research set a $184.00 target price on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays upped their price target 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. Wells Fargo & Company lowered their price target 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. The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $166.92.

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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