Gallo Partners LP Invests $984,000 in D.R. Horton, Inc. $DHI

Gallo Partners LP 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 SEC. The firm purchased 6,043 shares of the construction company’s stock, valued at approximately $984,000. D.R. Horton makes up 2.2% of Gallo Partners LP’s investment portfolio, making the stock its 21st biggest position.

Several other large investors also recently added to or reduced their stakes in the company. TCM Advisors LLC purchased a new position in shares of D.R. Horton during the second quarter valued at $702,000. Infrastructure Capital Advisors LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $5,537,000. Cibc World Market Inc. acquired a new position in D.R. Horton in the second quarter worth approximately $6,856,000. OMERS ADMINISTRATION Corp acquired a new position in shares of D.R. Horton during the 2nd quarter worth $36,587,000. Finally, Osmosis Investment Management UK Ltd acquired a new position in D.R. Horton during the second quarter worth $1,033,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. BTIG Research set a $184.00 price objective on D.R. Horton in a report on Wednesday, July 22nd. Barclays boosted their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $166.92.

D.R. Horton Stock Up 0.1%

Shares of NYSE:DHI opened at $148.43 on Monday. The company has a 50 day moving average of $151.80 and a 200-day moving average of $149.75. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. 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 (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $9.10 billion. During the same quarter in the prior year, the business posted $3.36 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

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