W1M Asset Management Ltd Acquires New Shares in D.R. Horton, Inc. $DHI

Key Points

• W1M Asset Management acquired 16,427 shares of D.R. Horton worth approximately $2.675 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 pays a quarterly dividend of $0.45, or $1.80 annually, representing a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

W1M Asset Management Ltd purchased a new position 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 purchased 16,427 shares of the construction company's stock, valued at approximately $2,675,000.

Several other hedge funds have also bought and sold shares of DHI. George Kaiser Family Foundation bought a new stake in D.R. Horton during the second quarter worth about $949,000. Westpac Banking Corp purchased a new position in shares of D.R. Horton during the 2nd quarter valued at about $94,000. TRB Wealth Management LLC bought a new stake in D.R. Horton in the 2nd quarter worth approximately $320,000. Sumitomo Life Insurance Co. purchased a new stake in D.R. Horton in the second quarter worth approximately $812,000. Finally, Harber Asset Management LLC bought a new position in D.R. Horton during the second quarter valued at approximately $6,241,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $148.43 on Friday. The company has a 50 day simple moving average of $151.80 and a two-hundred day simple moving average of $149.75. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.35 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.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company earned $3.36 earnings per share. The business's revenue for the quarter was up .0% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued 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 presently 17.13%.

Analyst Ratings Changes

Several brokerages recently weighed in on DHI. BTIG Research set a $184.00 target price on D.R. Horton in a report on Wednesday, July 22nd. Barclays upped 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 reissued a "buy" rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Zelman & Associates raised shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Finally, Citigroup reaffirmed a "neutral" 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.

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