3,806 Shares in D.R. Horton, Inc. $DHI Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,806 shares of the construction company’s stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Manhattan CO. LLC. boosted its holdings in D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after purchasing an additional 70 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after acquiring an additional 72 shares during the last quarter. AMG National Trust Bank grew its holdings in D.R. Horton by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares in the last quarter. Finally, AdvisorShares Investments LLC increased its position in shares of D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $149.33 on Thursday. The company has a market cap of $41.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. 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 stock has a fifty day moving average price of $151.51 and a 200 day moving average price of $149.61.

D.R. Horton (NYSE:DHI) last issued its earnings results 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. 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 net margin of 9.15% and a return on equity of 12.47%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.36 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BTIG Research set a $184.00 target price on D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $166.92.

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.