Quantbot Technologies LP Invests $2.30 Million in D.R. Horton, Inc. $DHI

Quantbot Technologies LP bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, Holdings Channel.com reports. The fund bought 14,111 shares of the construction company’s stock, valued at approximately $2,298,000.

A number of other large investors have also recently added to or reduced their stakes in DHI. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the fourth quarter worth approximately $25,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at $30,000. Bell Investment Advisors Inc acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at $32,000. Finally, Activest Wealth Management boosted its stake in shares of D.R. Horton by 487.8% during the 4th quarter. Activest Wealth Management now owns 241 shares of the construction company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $149.04 on Tuesday. The company’s fifty day moving average is $151.68 and its two-hundred day moving average is $149.72. 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 12-month low of $131.75 and a 12-month high of $184.54. The company has a market cap of $41.69 billion, a P/E ratio of 14.18, 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 results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.36 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 17.13%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DHI shares. Citigroup restated a “neutral” 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 report on Wednesday, July 22nd. Barclays increased their price target on 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. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods reduced 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 research note on Wednesday, July 22nd. Five 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, D.R. Horton 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.