Infrastructure Capital Advisors LLC Buys New Stake in D.R. Horton, Inc. $DHI

Key Points

• Infrastructure Capital Advisors acquired 33,994 shares of D.R. Horton valued at approximately $5.54 million. Institutional investors and hedge funds collectively own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding analyst estimates of $3.02, while revenue reached $9.23 billion. The company also declared a quarterly dividend of $0.45 per share, equivalent to a 1.2% annual yield.
• Analyst sentiment remains mixed, with five Buy ratings and ten Holds; the consensus rating is Hold with an average price target of $166.92. Shares opened at $148.43, below the 52-week high of $184.54.

Infrastructure Capital Advisors LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,994 shares of the construction company's stock, valued at approximately $5,537,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of D.R. Horton in the second quarter worth about $4,067,842,000. Capital World Investors grew its position in shares of D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company's stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares during the period. Norges Bank purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $649,305,000. Bank of New York Mellon Corp acquired a new position in D.R. Horton in the 2nd quarter worth about $294,292,000. Finally, Boston Partners purchased a new position in D.R. Horton during the third quarter worth approximately $274,784,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.1%

Shares of NYSE:DHI opened at $148.43 on Monday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The stock has a market cap of $41.52 billion, a P/E ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37. The business has a fifty day moving average of $151.80 and a two-hundred day moving average of $149.75. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 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 business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the firm earned $3.36 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders 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 dividend yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

Analyst Ratings Changes

Several brokerages recently commented on DHI. Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Finally, BTIG Research set a $184.00 price objective on D.R. Horton in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $166.92.

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.

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