Segall Bryant & Hamill LLC Invests $1.31 Million in D.R. Horton, Inc. $DHI

Segall Bryant & Hamill LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the first quarter, Holdings Channel.com reports. The fund bought 9,179 shares of the construction company’s stock, valued at approximately $1,310,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in 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 acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised 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 valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter worth $302,000. Brown Advisory Inc. lifted its position in shares of 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 purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.8%

Shares of NYSE DHI opened at $151.63 on Thursday. The business has a 50-day moving average price of $151.72 and a 200 day moving average price of $150.09. The stock has a market cap of $42.41 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.39 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate 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 company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company posted $3.36 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

Analyst Ratings Changes

A number of research firms have weighed in on DHI. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $166.92.

D.R. Horton 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.