Wealthfront Advisers LLC Makes New Investment in D.R. Horton, Inc. $DHI

Wealthfront Advisers LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 89,771 shares of the construction company’s stock, valued at approximately $14,622,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. BlackRock Inc. purchased a new position in shares of D.R. Horton in the 2nd quarter worth $4,067,842,000. Capital World Investors grew its position in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares during the period. Norges Bank purchased a new stake in D.R. Horton during the fourth quarter valued at about $649,305,000. Bank of New York Mellon Corp acquired a new stake in D.R. Horton during the second quarter worth about $294,292,000. Finally, Boston Partners purchased a new position in shares of D.R. Horton in the 3rd quarter worth about $274,784,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DHI shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Truist Financial lifted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Finally, BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $145.75 on Wednesday. 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, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.36 and a beta of 1.37. The business has a 50-day moving average of $151.94 and a 200-day moving average of $149.76.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 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 return on equity of 12.47% and a net margin of 9.15%.The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $3.36 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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