Perigon Wealth Management LLC Buys Shares of 3,608 D.R. Horton, Inc. $DHI

Perigon Wealth Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,608 shares of the construction company’s stock, valued at approximately $588,000.

A number of other institutional investors have also made changes to their positions in the business. Capital World Investors grew its position in D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after acquiring an additional 13,155 shares in the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $649,305,000. Morgan Stanley raised its holdings in D.R. Horton by 1.9% during the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after acquiring an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. boosted its position in D.R. Horton by 4.5% during the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock valued at $507,441,000 after purchasing an additional 151,144 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 4.1%

Shares of DHI opened at $151.68 on Thursday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $42.42 billion, a PE ratio of 14.43, a P/E/G ratio of 2.31 and a beta of 1.37. The firm’s 50 day moving average is $152.04 and its 200-day moving average is $149.77. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $3.36 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 17.13%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DHI. Barclays upped their price objective on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, UBS Group lifted their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $166.92.

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.