Ieq Capital LLC Acquires Shares of 39,923 D.R. Horton, Inc. $DHI

Ieq Capital LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) in the 2nd quarter, Holdings Channel reports. The fund bought 39,923 shares of the construction company’s stock, valued at approximately $6,503,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Silvant Capital Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $4,828,000. Johnson Financial Group Inc. acquired a new position in D.R. Horton in the 2nd quarter worth about $6,126,000. Vise Technologies Inc. raised its holdings in D.R. Horton by 132.9% in the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after buying an additional 8,517 shares during the last quarter. BlackRock Inc. bought a new position in shares of D.R. Horton during the second quarter valued at $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new position in D.R. Horton during the 2nd quarter worth about $2,219,000. 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 recently commented on DHI shares. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods cut their price target on 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. Finally, BTIG Research set a $184.00 price objective on D.R. Horton 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, the company has a consensus rating of “Hold” and an average price target of $166.92.

Read Our Latest Report on DHI

D.R. Horton Stock Performance

Shares of DHI stock opened at $148.43 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a 50-day moving average of $151.80 and a 200-day moving average of $149.75. 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 $41.52 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHIGet Free Report) last released its quarterly earnings results 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. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the company earned $3.36 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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 of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 17.13%.

D.R. Horton Company Profile

(Free Report)

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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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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