D.R. Horton, Inc. $DHI Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 18.9% during the second quarter, Holdings Channel.com reports. The firm owned 77,024 shares of the construction company’s stock after purchasing an additional 12,228 shares during the quarter. Tidal Investments LLC’s holdings in D.R. Horton were worth $12,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new position in D.R. Horton in the second quarter worth $25,000. Caitlin John LLC purchased a new position in D.R. Horton in the second quarter worth $25,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $26,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth $30,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Friday. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Barclays increased 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 report on Tuesday, July 14th. Finally, Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five 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 a consensus rating of “Hold” and an average target price of $166.08.

D.R. Horton Price Performance

DHI stock opened at $138.01 on Friday. The stock’s 50 day moving average price is $146.97 and its 200 day moving average price is $147.89. The firm has a market cap of $38.60 billion, a P/E ratio of 13.13, a PEG ratio of 2.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $180.64.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) 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 return on equity of 12.47% and a net margin of 9.15%.The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $3.36 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.45 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is 17.13%.

D.R. Horton Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.