TD Waterhouse Canada Inc. Purchases 3,954 Shares of D.R. Horton, Inc. $DHI

TD Waterhouse Canada Inc. boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,887 shares of the construction company’s stock after buying an additional 3,954 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in D.R. Horton were worth $4,699,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its stake in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in D.R. Horton in the 2nd quarter valued at $302,000. Brown Advisory Inc. boosted its position in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its holdings in D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 0.0%

NYSE:DHI opened at $142.81 on Monday. The firm has a market cap of $39.94 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.27 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. 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 firm has a 50-day moving average price of $149.13 and a two-hundred day moving average price of $148.71.

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 the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the business earned $3.36 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts expect that D.R. Horton, Inc. will post 10.46 earnings per share 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. 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 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHI. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays upped their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $166.92.

D.R. Horton Company 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.