Elevation Point Wealth Partners LLC Makes New $3.92 Million Investment in D.R. Horton, Inc. $DHI

Elevation Point Wealth Partners LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 24,068 shares of the construction company’s stock, valued at approximately $3,920,000.

Several other institutional investors have also modified their holdings of DHI. Core Wealth Advisors LLC bought a new position in D.R. Horton during the fourth quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton in the fourth quarter worth about $26,000. Bell Investment Advisors Inc bought a new stake in D.R. Horton in the second quarter worth about $32,000. Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $30,000. Finally, Activest Wealth Management lifted its holdings in D.R. Horton by 487.8% in the 4th quarter. Activest Wealth Management now owns 241 shares of the construction company’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.7%

Shares of DHI opened at $148.43 on Friday. The business’s 50-day moving average price is $151.80 and its 200 day moving average price is $149.75. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $41.52 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the firm earned $3.36 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect 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 declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is 17.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DHI shares. Barclays lifted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods cut their target price 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. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target 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.