Great Lakes Advisors LLC Purchases Shares of 4,356 D.R. Horton, Inc. $DHI

Great Lakes Advisors LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,356 shares of the construction company’s stock, valued at approximately $710,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of D.R. Horton during the second quarter worth about $4,067,842,000. Capital World Investors increased its holdings in D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. Norges Bank purchased a new position in D.R. Horton during the 4th quarter valued at about $649,305,000. Bank of New York Mellon Corp bought a new position in D.R. Horton during the 2nd quarter valued at approximately $294,292,000. Finally, Boston Partners bought a new position in D.R. Horton during the 3rd quarter valued at approximately $274,784,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $148.43 on Friday. 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 one year low of $131.75 and a one year high of $184.54. The company has a 50-day simple moving average of $151.80 and a two-hundred day simple moving average of $149.75. The firm has a market capitalization of $41.52 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating 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 business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the firm posted $3.36 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s payout ratio is currently 17.13%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of recent analyst reports. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price target on shares of 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. Finally, Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus 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.