Invst LLC Buys Shares of 5,985 D.R. Horton, Inc. $DHI

Invst LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,985 shares of the construction company’s stock, valued at approximately $975,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new position in D.R. Horton in the fourth quarter worth approximately $25,000. Fiduciary Financial Advisors acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the 4th quarter worth approximately $30,000. Finally, Compass Financial Management LLC acquired a new stake in shares of D.R. Horton in the second quarter worth $31,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DHI. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Price Performance

D.R. Horton stock opened at $150.91 on Wednesday. The company has a fifty day simple moving average of $151.57 and a 200-day simple moving average of $149.67. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.36 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm posted $3.36 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. 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 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.