Foster & Motley Inc. Acquires Shares of 52,557 D.R. Horton, Inc. $DHI

Key Points

• Foster & Motley Inc. acquired 52,557 shares of D.R. Horton during the second quarter, worth approximately $8.56 million. Institutional investors collectively own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding analyst expectations of $3.02, while revenue reached $9.23 billion. The company’s stock recently traded at $145.75.
• The homebuilder paid a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

Foster & Motley Inc. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,557 shares of the construction company's stock, valued at approximately $8,560,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $26,000. Elevated Capital Advisors LLC purchased a new position in D.R. Horton during the fourth quarter worth $27,000. Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $30,000. Finally, First Horizon Corp boosted its position in D.R. Horton by 81.3% during the fourth quarter. First Horizon Corp now owns 223 shares of the construction company's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.7%

NYSE DHI opened at $145.75 on Wednesday. The firm has a market capitalization of $40.77 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a 50-day simple moving average of $151.94 and a 200-day simple moving average of $149.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the company posted $3.36 earnings per share. D.R. Horton's revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current 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 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 payout ratio is currently 17.13%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DHI. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group reissued a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 4th. Finally, Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus 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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