Evolve Private Wealth LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,672 shares of the construction company's stock, valued at approximately $4,670,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Core Wealth Advisors LLC purchased a new stake in D.R. Horton during the fourth quarter valued at about $25,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $30,000. Bell Investment Advisors Inc purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $32,000. Finally, Activest Wealth Management lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on DHI shares. BTIG Research set a $184.00 price target on D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reaffirmed a "neutral" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $166.92.
Get Our Latest Research Report on DHI
D.R. Horton Stock Up 0.7%
D.R. Horton stock opened at $148.43 on Friday. 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, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The firm's fifty day simple moving average is $151.80 and its 200-day simple moving average is $149.75. The company has a market capitalization of $41.52 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37.
D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the company posted $3.36 EPS. The firm's revenue was up .0% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.
D.R. Horton Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. 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 payout ratio is presently 17.13%.
About D.R. Horton
(
Free Report)
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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