River Wealth Advisors LLC grew its stake in D. R. Horton Inc (NYSE:DHI) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,084 shares of the construction company’s stock after acquiring an additional 2,394 shares during the quarter. River Wealth Advisors LLC’s holdings in D. R. Horton were worth $952,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Focused Wealth Management Inc bought a new stake in shares of D. R. Horton in the 1st quarter valued at about $25,000. Front Row Advisors LLC increased its stake in shares of D. R. Horton by 873.5% in the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after acquiring an additional 725 shares during the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of D. R. Horton in the 1st quarter valued at about $37,000. Parallel Advisors LLC increased its stake in shares of D. R. Horton by 64.5% in the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock valued at $37,000 after acquiring an additional 354 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of D. R. Horton by 268.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after acquiring an additional 684 shares during the last quarter. 87.10% of the stock is owned by institutional investors.
A number of brokerages have recently commented on DHI. Barclays upped their price target on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada set a $46.00 target price on D. R. Horton and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Buckingham Research increased their target price on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. KeyCorp increased their target price on D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Finally, BTIG Research increased their target price on D. R. Horton to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.92.
NYSE DHI traded down $0.54 during trading hours on Friday, reaching $47.23. 3,032,698 shares of the company’s stock were exchanged, compared to its average volume of 4,285,138. The business’s 50-day moving average price is $44.84. D. R. Horton Inc has a one year low of $32.39 and a one year high of $48.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. The firm has a market capitalization of $17.72 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08.
D. R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the business earned $1.18 EPS. D. R. Horton’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that D. R. Horton Inc will post 4.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. D. R. Horton’s dividend payout ratio is currently 14.67%.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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