Infrastructure Capital Advisors LLC Acquires New Stake in D.R. Horton, Inc. $DHI

Infrastructure Capital Advisors LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,994 shares of the construction company’s stock, valued at approximately $5,537,000.

A number of other institutional investors have also recently made changes to their positions in DHI. Core Wealth Advisors LLC purchased a new position in D.R. Horton in the fourth quarter valued at $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton in the fourth quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new position in D.R. Horton during the 2nd quarter worth approximately $32,000. Compass Financial Management LLC acquired a new position in D.R. Horton during the 2nd quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DHI shares. Barclays increased 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 note on Tuesday, July 14th. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their price objective on shares of 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. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $148.43 on Monday. The firm has a market cap of $41.52 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.35 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 business’s 50-day moving average price is $151.80 and its 200 day moving average price is $149.75. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

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.