Jupiter Topco LLC Invests $22.17 Million in D.R. Horton, Inc. $DHI

Jupiter Topco LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, Holdings Channel reports. The institutional investor bought 136,150 shares of the construction company’s stock, valued at approximately $22,172,000.

A number of other large investors have also bought and sold shares of DHI. Integrated Wealth Concepts LLC boosted its stake in D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of D.R. Horton by 295.5% in the first 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 in the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the second quarter valued at about $302,000. Brown Advisory Inc. lifted its position 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 buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of DHI stock opened at $147.58 on Friday. The stock has a 50-day moving average price of $151.06 and a 200 day moving average price of $149.52. 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 firm has a market cap of $41.28 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.31 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The company 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 revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.36 EPS. Research analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DHI shares. Barclays raised 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 report on Tuesday, July 14th. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered their price target on shares of 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. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.