Rakuten Investment Management Inc. Acquires New Position in D.R. Horton, Inc. $DHI

Rakuten Investment Management Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,963 shares of the construction company’s stock, valued at approximately $7,056,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Core Wealth Advisors LLC bought a new position in shares of D.R. Horton in the 4th quarter worth $25,000. Fiduciary Financial Advisors bought a new stake in D.R. Horton in the second quarter valued at about $25,000. Caitlin John LLC bought a new stake in D.R. Horton in the second quarter valued at about $25,000. Osbon Capital Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $26,000. Finally, Wilkerson Advisory Group LLC bought a new position in D.R. Horton during the fourth quarter worth about $30,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $147.58 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a 50 day moving average price of $151.06 and a 200 day moving average price of $149.52. The stock has a market capitalization of $41.28 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company 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%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.36 EPS. Analysts predict that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.45 dividend. 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 17.13%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on 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. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. 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 research note on Wednesday, July 22nd. Barclays increased their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. 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, the stock presently has a consensus rating of “Hold” and a consensus 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.