Foster & Motley Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 52,557 shares of the construction company’s stock, valued at approximately $8,560,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Figure 8 Investment Strategies LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $2,398,000. Navigoe LLC acquired a new position in shares of D.R. Horton during the second quarter worth approximately $169,000. Alpine Woods Capital Investors LLC bought a new position in D.R. Horton in the 2nd quarter worth approximately $2,219,000. Meeder Advisory Services Inc. acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $1,880,000. Finally, Tiemann Investment Advisors LLC bought a new stake in D.R. Horton during the 2nd quarter valued at $671,000. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Price Performance
NYSE DHI opened at $145.75 on Wednesday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The business’s fifty day moving average is $151.94 and its two-hundred day moving average is $149.76. The stock has a market capitalization of $40.77 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.36 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.
D.R. Horton Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given 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 17.13%.
Analyst Upgrades and Downgrades
DHI has been the subject of several recent analyst reports. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. Barclays upped 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 report on Tuesday, July 14th. Wells Fargo & Company lowered their target price 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. UBS Group boosted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five equities research 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, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $166.92.
Get Our Latest Stock Report on DHI
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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