Meeder Advisory Services Inc. Takes $1.88 Million Position in D.R. Horton, Inc. $DHI

Meeder Advisory Services Inc. purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,542 shares of the construction company’s stock, valued at approximately $1,880,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tiemann Investment Advisors LLC acquired a new position in D.R. Horton during the 2nd quarter worth $671,000. Citizens Financial Group Inc. RI acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at about $1,758,000. Buckland Partners Management Co LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at about $326,000. UNIVEST FINANCIAL Corp bought a new position in shares of D.R. Horton during the second quarter worth about $724,000. Finally, BlackRock Inc. bought a new position in shares of D.R. Horton during the second quarter worth about $4,067,842,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI opened at $145.75 on Wednesday. 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 company’s 50-day moving average price is $151.94 and its 200 day moving average price is $149.76. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The firm has a market cap of $40.77 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued 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. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.36 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a dividend of $0.45 per share. 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 payout ratio is currently 17.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Truist Financial lifted their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, 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.