NewEdge Wealth LLC Takes $560,000 Position in D.R. Horton, Inc. $DHI

NewEdge Wealth LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,440 shares of the construction company’s stock, valued at approximately $560,000.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in D.R. Horton in the 2nd quarter valued at $302,000. Brown Advisory Inc. increased its stake in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

D.R. Horton stock opened at $148.43 on Friday. The company’s 50 day simple moving average is $151.80 and its 200-day simple moving average is $149.75. 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, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping 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 firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the company posted $3.36 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a 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

A number of equities research analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods dropped 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 report on Wednesday, July 22nd. Barclays increased their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.