Glenview Trust Co Purchases Shares of 7,579 D.R. Horton, Inc. $DHI

Glenview Trust Co purchased a new stake in 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 7,579 shares of the construction company’s stock, valued at approximately $1,234,000.

A number of other hedge funds have also modified their holdings of the company. Silvant Capital Management LLC purchased a new position in D.R. Horton in the 2nd quarter valued at about $4,828,000. Johnson Financial Group Inc. acquired a new stake in shares of D.R. Horton in the second quarter worth approximately $6,126,000. Vise Technologies Inc. increased its position in shares of D.R. Horton by 132.9% during the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock worth $2,150,000 after purchasing an additional 8,517 shares in the last quarter. BlackRock Inc. acquired a new position in D.R. Horton in the 2nd quarter valued at $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $2,219,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of DHI opened at $147.58 on Friday. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The stock has a market cap of $41.28 billion, a PE ratio of 14.04, a P/E/G ratio of 2.31 and a beta of 1.37. The firm has a 50-day simple moving average of $151.06 and a two-hundred day simple moving average of $149.52. 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 issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping 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 net margin of 9.15% and a return on equity of 12.47%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.36 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is presently 17.13%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton 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.