16,427 Shares in D.R. Horton, Inc. $DHI Acquired by W1M Asset Management Ltd

W1M Asset Management Ltd bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,427 shares of the construction company’s stock, valued at approximately $2,675,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Manhattan CO. LLC. boosted its stake in shares of D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after acquiring an additional 72 shares during the period. AMG National Trust Bank boosted its position in D.R. Horton by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after purchasing an additional 74 shares during the last quarter. Finally, AdvisorShares Investments LLC grew its stake in shares of D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays boosted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $166.92.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $148.43 on Friday. The stock has a market cap of $41.52 billion, a PE ratio of 14.12, a price-to-earnings-growth 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. The firm has a fifty day moving average price of $151.80 and a 200-day moving average price of $149.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

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.