Beach Investment Counsel Inc. PA Takes $4.11 Million Position in D. R. Horton Inc (DHI)

Beach Investment Counsel Inc. PA bought a new position in D. R. Horton Inc (NYSE:DHI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,210 shares of the construction company’s stock, valued at approximately $4,109,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Eads & Heald Wealth Management grew its holdings in shares of D. R. Horton by 5.2% during the second quarter. Eads & Heald Wealth Management now owns 25,103 shares of the construction company’s stock valued at $1,029,000 after buying an additional 1,235 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of D. R. Horton by 25.3% during the first quarter. Moors & Cabot Inc. now owns 6,516 shares of the construction company’s stock valued at $286,000 after buying an additional 1,316 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of D. R. Horton by 28.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,276 shares of the construction company’s stock valued at $257,000 after buying an additional 1,385 shares in the last quarter. Buckingham Capital Management Inc. grew its holdings in shares of D. R. Horton by 5.0% during the first quarter. Buckingham Capital Management Inc. now owns 29,005 shares of the construction company’s stock valued at $1,272,000 after buying an additional 1,390 shares in the last quarter. Finally, GWM Advisors LLC grew its holdings in shares of D. R. Horton by 24.5% during the second quarter. GWM Advisors LLC now owns 8,158 shares of the construction company’s stock valued at $335,000 after buying an additional 1,607 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Shares of NYSE DHI traded down $0.22 during trading hours on Monday, hitting $43.68. 474,851 shares of the company’s stock were exchanged, compared to its average volume of 4,395,173. D. R. Horton Inc has a 1-year low of $34.95 and a 1-year high of $53.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. The stock has a market capitalization of $16.57 billion, a PE ratio of 16.02, a P/E/G ratio of 1.11 and a beta of 1.06.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.10. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. equities research analysts forecast that D. R. Horton Inc will post 3.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, August 7th. This represents a $0.50 annualized dividend and a yield of 1.14%. D. R. Horton’s dividend payout ratio is 18.25%.

A number of research analysts have recently weighed in on DHI shares. KeyCorp set a $54.00 price target on D. R. Horton and gave the company a “buy” rating in a report on Friday. ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Credit Suisse Group set a $55.00 price objective on D. R. Horton and gave the company a “buy” rating in a research report on Thursday, April 26th. Wedbush lifted their price objective on D. R. Horton from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, July 3rd. Finally, Citigroup reduced their price objective on D. R. Horton from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, June 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.50.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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