Vise Technologies Inc. Invests $3.75 Million in D.R. Horton, Inc. $DHI

Vise Technologies Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, Holdings Channel.com reports. The firm acquired 23,034 shares of the construction company’s stock, valued at approximately $3,752,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new position in shares of D.R. Horton during the 2nd quarter valued at $6,126,000. Calamos Advisors LLC grew its holdings in D.R. Horton by 25.8% in the fourth quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock worth $29,013,000 after purchasing an additional 41,249 shares during the period. BlackRock Inc. bought a new stake in D.R. Horton in the second quarter valued at $4,067,842,000. Alpine Woods Capital Investors LLC acquired a new position in shares of D.R. Horton during the second quarter valued at about $2,219,000. Finally, California Public Employees Retirement System raised its holdings in shares of D.R. Horton by 94.1% during the first quarter. California Public Employees Retirement System now owns 880,665 shares of the construction company’s stock valued at $120,845,000 after purchasing an additional 426,886 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on DHI shares. Barclays raised their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Wells Fargo & Company lowered their target price on 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. Finally, BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $166.92.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $147.65 on Friday. The stock has a market cap of $41.30 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.41 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The firm’s 50-day simple moving average is $151.91 and its 200 day simple moving average is $149.76.

D.R. Horton (NYSE:DHI) last issued 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. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the company posted $3.36 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

About D.R. Horton

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.