Evolve Private Wealth LLC Makes New $4.67 Million Investment in D.R. Horton, Inc. $DHI

Evolve Private Wealth LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 28,672 shares of the construction company’s stock, valued at approximately $4,670,000.

Several other hedge funds have also made changes to their positions in 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 shares of D.R. Horton in the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $32,000. Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $30,000. Finally, Activest Wealth Management increased its position in shares of D.R. Horton by 487.8% during the fourth quarter. Activest Wealth Management now owns 241 shares of the construction company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.7%

Shares of NYSE DHI opened at $148.43 on Friday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-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. The business has a fifty day moving average of $151.80 and a two-hundred day moving average of $149.75. The stock has a market cap of $41.52 billion, a PE ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the firm earned $3.36 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share 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. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is presently 17.13%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays raised their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price 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.