Plato Investment Management Ltd Buys Shares of 14,157 D.R. Horton, Inc. $DHI

Key Points

• Plato Investment Management acquired 14,157 shares of D.R. Horton during the second quarter, valued at approximately $2.29 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 the $3.02 analyst consensus, while revenue reached $9.23 billion versus the $9.10 billion estimate.
• Analysts maintain a consensus “Hold” rating with a $166.92 price target. The company also declared a quarterly dividend of $0.45 per share, representing a 1.2% annualized yield.

Plato Investment Management Ltd purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,157 shares of the construction company's stock, valued at approximately $2,292,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Integrated Wealth Concepts LLC increased its position in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock valued at $538,000 after acquiring an additional 803 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock worth $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $302,000. Brown Advisory Inc. boosted its position in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock worth $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock worth $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group boosted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Citigroup restated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. Truist Financial boosted their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Trading Down 0.3%

NYSE DHI opened at $148.36 on Tuesday. 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 of $152.05 and a two-hundred day moving average of $149.79. 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 $41.50 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company's revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $3.36 EPS. As a group, research analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

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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