Tulsa Wealth Advisors INC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,455 shares of the construction company’s stock, valued at approximately $563,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. lifted its holdings in shares of D.R. Horton by 2.0% during the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after purchasing an additional 70 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after purchasing an additional 71 shares during the period. Cornerstone Planning Group LLC increased 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 purchasing an additional 72 shares during the period. AMG National Trust Bank raised its position in D.R. Horton by 0.7% during the 4th 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 lifted its holdings in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after buying an additional 77 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DHI shares. UBS Group upped their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company lowered their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. BTIG Research set a $184.00 price objective on D.R. Horton in a research note on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Barclays increased their target price 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. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $166.92.
D.R. Horton Stock Performance
Shares of DHI opened at $148.89 on Monday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $151.97 and its two-hundred day simple moving average is $149.80. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The stock has a market capitalization of $41.64 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37.
D.R. Horton (NYSE:DHI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion during 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%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $3.36 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current year.
D.R. Horton Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. 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 payout ratio is presently 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.
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