Silvant Capital Management LLC Buys New Stake in D.R. Horton, Inc. $DHI

Silvant Capital Management LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,640 shares of the construction company’s stock, valued at approximately $4,828,000.

A number of other hedge funds also recently bought and sold shares of DHI. Core Wealth Advisors LLC bought a new position in D.R. Horton during the fourth quarter valued at $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth about $30,000. First Horizon Corp raised its position in shares of D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new position in shares of D.R. Horton in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $147.65 on Friday. The stock has a market cap of $41.30 billion, a PE ratio of 14.05, a P/E/G ratio of 2.41 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a 50-day moving average price of $151.91 and a 200 day moving average price of $149.76. 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) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $3.36 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is presently 17.13%.

Wall Street Analyst Weigh In

Several research firms recently commented on DHI. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Barclays boosted their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average 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.