Corient Private Wealth LP Takes Position in D.R. Horton, Inc. $DHI

Corient Private Wealth LP bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel.com reports. The fund bought 102,884 shares of the construction company’s stock, valued at approximately $16,758,000.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings 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 worth $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at about $302,000. Brown Advisory Inc. lifted its holdings in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew 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 worth $4,503,000 after acquiring an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Citigroup restated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $166.92.

D.R. Horton Stock Up 1.6%

Shares of NYSE DHI opened at $147.58 on Friday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The firm has a 50-day simple moving average of $151.06 and a two-hundred day simple moving average of $149.52. The company has a market cap of $41.28 billion, a P/E ratio of 14.04, a PEG ratio of 2.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last released 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 return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the firm posted $3.36 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Research analysts anticipate that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

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.