Freestone Grove Partners LP Takes $5.87 Million Position in D.R. Horton, Inc. $DHI

Key Points

• Freestone Grove Partners initiated a $5.87 million position in D.R. Horton by purchasing 36,013 shares during the second quarter. Institutional investors collectively own 90.63% of the company.
• Analysts maintain a generally cautious outlook, with D.R. Horton carrying a consensus rating of “Hold” and an average price target of $166.92.
• D.R. Horton exceeded quarterly earnings expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue. The company also declared a quarterly dividend of $0.45 per share, equivalent to a 1.2% annualized yield.

Freestone Grove Partners LP bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,013 shares of the construction company's stock, valued at approximately $5,866,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caisse de depot et placement du Quebec acquired a new position in D.R. Horton in the 2nd quarter valued at approximately $138,030,000. Man Group plc bought a new position in shares of D.R. Horton in the 2nd quarter worth about $24,783,000. Invst LLC acquired a new position in D.R. Horton in the second quarter valued at approximately $975,000. Jupiter Topco LLC acquired a new position in shares of D.R. Horton during the 2nd quarter valued at $22,172,000. Finally, Hsbc Holdings PLC raised its holdings in shares of D.R. Horton by 55.1% during the second quarter. Hsbc Holdings PLC now owns 785,312 shares of the construction company's stock valued at $128,043,000 after purchasing an additional 279,036 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DHI shares. Citigroup restated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Wells Fargo & Company dropped 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. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Finally, BTIG Research set a $184.00 price target on D.R. Horton in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Trading Up 1.6%

NYSE:DHI opened at $147.58 on Friday. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm's 50 day moving average is $151.06 and its 200 day moving average is $149.52. The stock has a market capitalization of $41.28 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The company 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%.The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis 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 (DPR) is presently 17.13%.

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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