Perigon Wealth Management LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,608 shares of the construction company’s stock, valued at approximately $588,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vise Technologies Inc. raised 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 acquiring an additional 8,517 shares during the last quarter. Calamos Advisors LLC boosted its holdings in D.R. Horton by 25.8% in the fourth quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock valued at $29,013,000 after acquiring an additional 41,249 shares during the last quarter. California Public Employees Retirement System increased its position in D.R. Horton by 94.1% in the first quarter. California Public Employees Retirement System now owns 880,665 shares of the construction company’s stock worth $120,845,000 after purchasing an additional 426,886 shares during the period. Dimensional Fund Advisors LP increased its position in D.R. Horton by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after purchasing an additional 21,514 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in D.R. Horton during the 1st quarter worth about $1,880,000. Institutional investors and hedge funds own 90.63% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on DHI shares. Zelman & Associates raised shares of 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 target on shares of D.R. Horton in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. UBS Group raised their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $166.92.
D.R. Horton Stock Up 4.1%
NYSE:DHI opened at $151.68 on Thursday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The stock has a 50-day moving average price of $152.04 and a two-hundred day moving average price of $149.77. The stock has a market cap of $42.42 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.31 and a beta of 1.37. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.
D.R. Horton (NYSE:DHI – Get Free Report) 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 analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the business posted $3.36 EPS. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.
D.R. Horton Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) 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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