Van Hulzen Asset Management LLC Invests $1.46 Million in D.R. Horton, Inc. $DHI

Key Points

• Van Hulzen Asset Management purchased 8,952 D.R. Horton shares worth approximately $1.46 million during the second quarter. Institutional investors collectively own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding analyst expectations of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus estimate.
• The company paid a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

Van Hulzen Asset Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,952 shares of the construction company's stock, valued at approximately $1,458,000.

Several other large investors have also recently added to or reduced their stakes in DHI. Silvant Capital Management LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter worth about $4,828,000. Johnson Financial Group Inc. bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $6,126,000. Vise Technologies Inc. increased its holdings in D.R. Horton by 132.9% in the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company's stock worth $2,150,000 after buying an additional 8,517 shares during the last quarter. BlackRock Inc. bought a new position in D.R. Horton during the second quarter valued at approximately $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in 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 Stock Performance

Shares of NYSE DHI opened at $149.04 on Tuesday. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a market cap of $41.69 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.35 and a beta of 1.37. The business's 50 day moving average is $151.68 and its two-hundred day moving average is $149.72. 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 data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion during 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%.D.R. Horton's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.36 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

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 $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is currently 17.13%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHI. Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Barclays raised their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 14th. Finally, Zelman & Associates raised shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Five equities research 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, D.R. Horton presently has a consensus rating of "Hold" and an average target price 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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