Marco Investment Management LLC raised its position in shares of D. R. Horton Inc (NYSE:DHI) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,500 shares of the construction company’s stock after buying an additional 1,900 shares during the period. Marco Investment Management LLC’s holdings in D. R. Horton were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Verity Asset Management Inc. bought a new stake in D. R. Horton during the first quarter worth $209,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in D. R. Horton by 462.8% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 91,808 shares of the construction company’s stock worth $3,957,000 after acquiring an additional 75,496 shares in the last quarter. Dean Capital Investments Management LLC bought a new position in shares of D. R. Horton in the first quarter valued at about $272,000. NuWave Investment Management LLC raised its position in shares of D. R. Horton by 10,085.7% in the first quarter. NuWave Investment Management LLC now owns 4,278 shares of the construction company’s stock valued at $187,000 after purchasing an additional 4,236 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of D. R. Horton by 20.4% in the first quarter. Wedge Capital Management L L P NC now owns 3,197,973 shares of the construction company’s stock valued at $140,199,000 after purchasing an additional 541,609 shares during the period. Institutional investors and hedge funds own 83.88% of the company’s stock.
DHI stock opened at $45.31 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. D. R. Horton Inc has a 52 week low of $34.95 and a 52 week high of $53.32. The stock has a market capitalization of $16.92 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.17.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. D. R. Horton’s dividend payout ratio (DPR) is presently 18.25%.
Several brokerages have recently weighed in on DHI. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Evercore ISI raised shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a research report on Friday, July 27th. JMP Securities dropped their price objective on shares of D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating on the stock in a research report on Friday, July 27th. Mizuho set a $46.00 price objective on shares of D. R. Horton and gave the company a “hold” rating in a research report on Monday, August 6th. Finally, MKM Partners dropped their price objective on shares of D. R. Horton to $52.00 and set a “neutral” rating on the stock in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $54.27.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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