Ieq Capital LLC Purchases Shares of 39,923 D.R. Horton, Inc. $DHI

Key Points

• Ieq Capital LLC purchased 39,923 shares of D.R. Horton during the second quarter, valued at approximately $6.5 million. Several other institutional investors also initiated positions, and institutions and hedge funds own 90.63% of the stock.
• Analysts maintain a generally cautious view, with five Buy ratings and ten Hold ratings. D.R. Horton has an average rating of Hold and a consensus price target of $166.92.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in earnings per share 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.

Ieq Capital LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 39,923 shares of the construction company's stock, valued at approximately $6,503,000.

Several other hedge funds have also recently modified their holdings of DHI. Callan Family Office LLC purchased a new position in shares of D.R. Horton during the 2nd quarter worth approximately $2,505,000. Fund Advisors of America Inc FL purchased a new position in D.R. Horton in the 2nd quarter worth approximately $225,000. Heartland Advisors Inc. purchased a new position in D.R. Horton in the 2nd quarter valued at about $11,865,000. Manhattan West Asset Management LLC purchased a new stake in D.R. Horton during the 2nd quarter worth approximately $7,148,000. Finally, Keebeck Wealth Management bought a new position in D.R. Horton during the 2nd quarter valued at $1,196,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on DHI. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Finally, Barclays boosted 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. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Stock Up 0.1%

Shares of DHI opened at $148.43 on Monday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a 50-day moving average price of $151.80 and a two-hundred day moving average price of $149.75.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating 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 analyst estimates of $9.10 billion. During the same period in the previous year, the business earned $3.36 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities 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 declared 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 of this dividend 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 dividend payout ratio is 17.13%.

About D.R. Horton

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source