Jefferies Financial Group Inc. Makes New Investment in D.R. Horton, Inc. $DHI

Jefferies Financial Group Inc. bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 121,827 shares of the construction company’s stock, valued at approximately $19,843,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $25,000. Fiduciary Financial Advisors acquired a new position in D.R. Horton during the second quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in D.R. Horton during the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $30,000. Finally, Compass Financial Management LLC acquired a new stake in D.R. Horton in the second quarter valued at $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. Barclays increased their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Down 2.7%

Shares of NYSE:DHI opened at $145.25 on Friday. 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 capitalization of $40.63 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.37 and a beta of 1.37. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The stock’s fifty day simple moving average is $151.27 and its 200-day simple moving average is $149.53.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.36 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 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.