4,205 Shares in D.R. Horton, Inc. $DHI Bought by Denali Advisors LLC

Denali Advisors LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,205 shares of the construction company’s stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton during the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc purchased a new position in D.R. Horton in the 2nd quarter worth approximately $32,000. Wilkerson Advisory Group LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $30,000. Finally, First Horizon Corp boosted its stake in D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHI has been the topic of several recent analyst reports. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company dropped their price objective on shares of 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. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Performance

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

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the company earned $3.36 EPS. The business’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

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.