72,847 Shares in D.R. Horton, Inc. $DHI Bought by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 72,847 shares of the construction company’s stock, valued at approximately $11,865,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $32,000. Wilkerson Advisory Group LLC bought a new stake in D.R. Horton during the 4th quarter valued at $30,000. Finally, First Horizon Corp boosted its position in D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DHI shares. Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Barclays upped their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. 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.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Up 0.7%

Shares of D.R. Horton stock opened at $148.43 on Friday. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The firm has a market capitalization of $41.52 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.34 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. The stock’s fifty day moving average is $151.80 and its 200-day moving average is $149.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $3.36 EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued 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 payout ratio is currently 17.13%.

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.