Keebeck Wealth Management Purchases Shares of 7,343 D.R. Horton, Inc. $DHI

Key Points

• Keebeck Wealth Management initiated a position in D.R. Horton, purchasing 7,343 shares valued at approximately $1.2 million. Other institutions also added shares, with institutional investors owning 90.63% of the company.
• D.R. Horton reported quarterly EPS of $3.20, beating analyst expectations of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus estimate.
• The stock was recently trading at $148.43, while analysts maintain an average “Hold” rating and a consensus price target of $166.92. The company also pays a quarterly dividend of $0.45 per share, yielding about 1.2% annually.

Keebeck Wealth Management acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,343 shares of the construction company's stock, valued at approximately $1,196,000.

Other hedge funds have also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of D.R. Horton during the second quarter worth about $80,000. OneAscent Investment Solutions LLC purchased a new position in D.R. Horton in the 2nd quarter worth approximately $308,000. OneAscent Family Office LLC purchased a new position in D.R. Horton in the 2nd quarter worth approximately $211,000. OneAscent Financial Services LLC bought a new position in D.R. Horton in the 2nd quarter worth approximately $308,000. Finally, Allworth Financial LP purchased a new stake in D.R. Horton during the 2nd quarter valued at approximately $2,327,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock opened at $148.43 on Friday. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The firm has a market capitalization of $41.52 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. The company has a fifty day simple moving average of $151.80 and a two-hundred day simple 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 announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $3.36 EPS. The business's revenue was up .0% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton's payout ratio is presently 17.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DHI. Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $166.92.

D.R. Horton 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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