Cibc World Market Inc. Buys New Shares in D.R. Horton, Inc. $DHI

Cibc World Market Inc. purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,095 shares of the construction company’s stock, valued at approximately $6,856,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $25,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $26,000. Bell Investment Advisors Inc acquired a new position in D.R. Horton in the second quarter valued at $32,000. Compass Financial Management LLC acquired a new position in D.R. Horton in the second quarter valued at $31,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in D.R. Horton during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $150.91 on Wednesday. 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 1 year low of $131.75 and a 1 year high of $184.54. The firm has a market cap of $42.21 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The stock has a 50-day simple moving average of $151.57 and a 200-day simple moving average of $149.67.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate 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 return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $3.36 EPS. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. 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 (DPR) is presently 17.13%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DHI shares. BTIG Research set a $184.00 price objective on D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays raised their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.