43,882 Shares in D.R. Horton, Inc. $DHI Purchased by Manhattan West Asset Management LLC

Manhattan West Asset Management LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 43,882 shares of the construction company’s stock, valued at approximately $7,148,000. D.R. Horton makes up about 1.2% of Manhattan West Asset Management LLC’s investment portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in D.R. Horton during the second quarter valued at $4,067,842,000. Capital World Investors boosted its holdings in D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after acquiring an additional 6,695,592 shares in the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton in the fourth quarter worth $649,305,000. Bank of New York Mellon Corp bought a new position in shares of D.R. Horton during the second quarter valued at $294,292,000. Finally, Boston Partners bought a new position in shares of D.R. Horton during the third quarter valued at $274,784,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods reduced 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 research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. 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 investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Price Performance

NYSE DHI opened at $148.43 on Friday. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The stock has a 50-day moving average of $151.80 and a 200 day moving average of $149.75. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.34 and a beta of 1.37. 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) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (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 net margin of 9.15% and a return on equity of 12.47%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.36 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 10.47 EPS 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 dividend payout ratio is 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.