Van Hulzen Asset Management LLC Invests $1.46 Million in D.R. Horton, Inc. $DHI

Van Hulzen Asset Management LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, HoldingsChannel reports. The firm acquired 8,952 shares of the construction company’s stock, valued at approximately $1,458,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Silvant Capital Management LLC acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $4,828,000. Johnson Financial Group Inc. acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at about $6,126,000. Vise Technologies Inc. increased its stake in D.R. Horton by 132.9% in the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after acquiring an additional 8,517 shares during the period. BlackRock Inc. bought a new stake in D.R. Horton in the second quarter valued at about $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new position in D.R. Horton in the second quarter worth about $2,219,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DHI shares. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays increased their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Wells Fargo & Company decreased their price target on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. BTIG Research set a $184.00 price target on D.R. Horton in a research report on Wednesday, July 22nd. Finally, Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $149.04 on Tuesday. The firm has a market cap of $41.69 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 2.35 and a beta of 1.37. The company has a 50 day moving average of $151.68 and a 200-day moving average of $149.72. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its 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. 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 return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.36 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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