Commerce Bank purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,391 shares of the construction company’s stock, valued at approximately $9,674,000.
Several other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in D.R. Horton during the 2nd quarter valued at about $4,566,000. Quantbot Technologies LP bought a new position in D.R. Horton in the 2nd quarter worth about $2,298,000. Evolve Private Wealth LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $4,670,000. W1M Asset Management Ltd bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $2,675,000. Finally, George Kaiser Family Foundation bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $949,000. Institutional investors own 90.63% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on DHI shares. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a research note on Wednesday, July 22nd. Barclays boosted their price target on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Wells Fargo & Company decreased their price target on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $166.92.
D.R. Horton Trading Up 0.1%
Shares of DHI stock opened at $148.43 on Monday. The stock has a 50-day simple moving average of $151.80 and a 200 day simple moving average of $149.75. The stock has a market capitalization 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, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.
D.R. Horton (NYSE:DHI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.36 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.
D.R. Horton Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.
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.
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