George Kaiser Family Foundation Takes Position in D.R. Horton, Inc. $DHI

George Kaiser Family Foundation purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,827 shares of the construction company’s stock, valued at approximately $949,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Manhattan CO. LLC. grew its stake in shares of D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after purchasing an additional 70 shares during the period. Deseret Mutual Benefit Administrators lifted its position in shares of D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after buying an additional 71 shares during the period. Cornerstone Planning Group LLC grew its position in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after acquiring an additional 72 shares during the period. AMG National Trust Bank raised its stake in D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its holdings in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after acquiring an additional 77 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $148.43 on Friday. The stock has a 50-day simple moving average of $151.80 and a 200 day simple moving average of $149.75. The stock has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. 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 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. The firm 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 company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.36 EPS. On average, research analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DHI. Barclays upped their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $166.92.

D.R. Horton Company 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.