3,683 Shares in D.R. Horton, Inc. $DHI Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,683 shares of the construction company’s stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC lifted its position in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $302,000. Brown Advisory Inc. raised its stake in D.R. Horton by 3.4% during the 2nd 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 lifted its position 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 last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Truist Financial raised their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods reduced their target price 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. UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Citigroup restated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Trading Up 0.8%

NYSE DHI opened at $151.63 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The firm has a market cap of $42.41 billion, a PE ratio of 14.43, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The firm’s fifty day moving average is $151.72 and its two-hundred day moving average is $150.09.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the company earned $3.36 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 17.13%.

About D.R. Horton

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.