Vise Technologies Inc. Invests $3.75 Million in D.R. Horton, Inc. $DHI

Key Points

• Vise Technologies acquired 23,034 D.R. Horton shares during the second quarter, valued at approximately $3.75 million. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• Analysts maintain a generally cautious outlook, with five Buy ratings and ten Hold ratings. D.R. Horton has a consensus rating of Hold and an average price target of $166.92.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in earnings per share versus a $3.02 estimate and $9.23 billion in revenue. The company also paid a quarterly dividend of $0.45 per share, equivalent to a 1.2% annualized yield.

Vise Technologies Inc. acquired 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. The institutional investor acquired 23,034 shares of the construction company's stock, valued at approximately $3,752,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in 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 worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake 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 valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $302,000. Brown Advisory Inc. grew its holdings 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 valued at $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings 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 valued at $4,503,000 after purchasing an additional 2,859 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DHI shares. Barclays increased their price objective 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. The Goldman Sachs Group reaffirmed a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada restated a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Price Performance

Shares of DHI opened at $147.65 on Friday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a market capitalization of $41.30 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.41 and a beta of 1.37. The business has a 50-day moving average of $151.91 and a 200-day moving average of $149.76.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. The business 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 revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $3.36 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend 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%.

About D.R. Horton

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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