Redwood Investment Management LLC Takes Position in D.R. Horton, Inc. $DHI

Redwood Investment Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,457 shares of the construction company’s stock, valued at approximately $2,192,000.

Several other institutional investors have also added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new stake in shares of D.R. Horton in the second quarter valued at about $25,000. Core Wealth Advisors LLC bought a new position in D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new position in D.R. Horton during the fourth quarter worth about $26,000. Bell Investment Advisors Inc bought a new stake in D.R. Horton in the 2nd quarter valued at about $32,000. Finally, Compass Financial Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $31,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their price objective on 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. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Barclays increased their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Down 1.0%

Shares of DHI opened at $149.33 on Thursday. The firm has a 50 day simple moving average of $151.51 and a two-hundred day simple moving average of $149.61. 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, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a market cap of $41.77 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the firm posted $3.36 earnings per share. D.R. Horton’s revenue was up .0% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is 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.