Palogic Value Management L.P. Purchases Shares of 8,426 D.R. Horton, Inc. $DHI

Key Points

• Palogic Value Management acquired 8,426 shares of D.R. Horton worth approximately $1.37 million during the second quarter. Institutional investors and hedge funds collectively own 90.63% of the homebuilder’s stock.
• D.R. Horton reported quarterly earnings of $3.20 per share, beating estimates of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus forecast.
• The stock recently traded around $149.33, down 1%, while analysts maintained a consensus “Hold” rating with an average price target of $166.92. The company also pays a quarterly dividend of $0.45 per share, yielding about 1.2% annually.

Palogic Value Management L.P. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,426 shares of the construction company's stock, valued at approximately $1,372,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Silvant Capital Management LLC acquired a new stake in D.R. Horton in the 2nd quarter valued at about $4,828,000. Johnson Financial Group Inc. acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $6,126,000. Vise Technologies Inc. grew its position in shares of D.R. Horton by 132.9% in the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company's stock valued at $2,150,000 after purchasing an additional 8,517 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $2,219,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Down 1.0%

Shares of D.R. Horton stock opened at $149.33 on Thursday. The firm has a market capitalization of $41.77 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a 50 day moving average of $151.51 and a 200 day moving average of $149.61.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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 return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $3.36 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict 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 announced 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 dividend payout ratio (DPR) is 17.13%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DHI. Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. BTIG Research set a $184.00 target price on 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. The Goldman Sachs Group reissued a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Barclays raised their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $166.92.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

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.