Figure 8 Investment Strategies LLC Makes New $2.40 Million Investment in D.R. Horton, Inc. $DHI

Key Points

• Figure 8 Investment Strategies purchased 14,722 shares of D.R. Horton worth approximately $2.4 million, making the homebuilder its 18th-largest holding and representing about 2% of its portfolio.
• D.R. Horton reported quarterly earnings of $3.20 per share and revenue of $9.23 billion, exceeding analyst estimates of $3.02 EPS and $9.10 billion in revenue.
• Analysts maintain a consensus “Hold” rating, with an average price target of $166.92; the company also declared a $0.45 quarterly dividend, equivalent to a 1.2% annual yield.

Figure 8 Investment Strategies LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,722 shares of the construction company's stock, valued at approximately $2,398,000. D.R. Horton comprises approximately 2.0% of Figure 8 Investment Strategies LLC's holdings, making the stock its 18th largest position.

A number of other hedge funds also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC increased its position in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock valued at $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at $302,000. Brown Advisory Inc. increased its position in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock worth $815,000 after buying an additional 208 shares during the period. Finally, Cerity Partners LLC increased its position in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock worth $4,503,000 after buying an additional 2,859 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DHI. Wells Fargo & Company dropped their target price on shares of 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. Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. UBS Group boosted their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Finally, Barclays upped 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 report on Tuesday, July 14th. 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, D.R. Horton has a consensus rating of "Hold" and an average target price of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $145.75 on Wednesday. The company has a fifty day moving average price of $151.94 and a 200-day moving average price of $149.76. The firm has a market cap of $40.77 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.36 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54.

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 for 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 quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $3.36 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is 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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