Jefferies Financial Group Inc. purchased 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 13F filing with the Securities and Exchange Commission. The firm purchased 121,827 shares of the construction company's stock, valued at approximately $19,843,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Core Wealth Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter valued at $25,000. Fiduciary Financial Advisors acquired a new stake in D.R. Horton during the 2nd quarter worth $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the fourth quarter valued at $30,000. Finally, Compass Financial Management LLC acquired a new position in D.R. Horton in the second quarter valued at $31,000. Hedge funds and other institutional investors own 90.63% of the company's stock.
D.R. Horton Trading Down 2.7%
NYSE DHI opened at $145.25 on Friday. 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 capitalization of $40.63 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.37 and a beta of 1.37. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The firm has a 50-day moving average price of $151.27 and a 200 day moving average price of $149.53.
D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.36 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current year.
D.R. Horton Dividend Announcement
The firm 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 of this dividend was Thursday, August 6th. D.R. Horton's dividend payout ratio is currently 17.13%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 price target on D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Wells Fargo & Company lowered their target price on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 4th. Finally, Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $166.92.
Get Our Latest Analysis on D.R. Horton
D.R. Horton Profile
(
Free Report)
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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