3,455 Shares in D.R. Horton, Inc. $DHI Bought by Tulsa Wealth Advisors INC

Tulsa Wealth Advisors INC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,455 shares of the construction company’s stock, valued at approximately $563,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Integrated Wealth Concepts LLC grew its stake in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. raised its stake in D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new position in D.R. Horton during the 2nd quarter worth approximately $302,000. Brown Advisory Inc. boosted its holdings in D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $148.89 on Monday. The firm has a market capitalization of $41.64 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The stock has a 50 day moving average price of $151.97 and a two-hundred day moving average price of $149.80. 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 (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating 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 return on equity of 12.47% and a net margin of 9.15%.The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company earned $3.36 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is presently 17.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. UBS Group boosted their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Truist Financial upped their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.