Commerce Bank Acquires New Position in D.R. Horton, Inc. $DHI

Commerce Bank acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 59,391 shares of the construction company’s stock, valued at approximately $9,674,000.

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

D.R. Horton Trading Up 0.1%

D.R. Horton stock opened at $148.43 on Monday. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company’s fifty day moving average price is $151.80 and its two-hundred day moving average price is $149.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.36 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s payout ratio is 17.13%.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. Barclays upped their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus 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.