TCM Advisors LLC Makes New $702,000 Investment in D.R. Horton, Inc. $DHI

TCM Advisors LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,309 shares of the construction company’s stock, valued at approximately $702,000.

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

Analysts Set New Price Targets

A number of brokerages have commented on DHI. Keefe, Bruyette & Woods reduced their target price on 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. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. BTIG Research set a $184.00 price objective on D.R. Horton in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Price Performance

NYSE:DHI opened at $148.43 on Monday. D.R. Horton, Inc. has a one year low of $131.75 and a one year 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 stock has a market cap of $41.52 billion, a PE ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. The stock has a 50 day moving average price of $151.80 and a 200 day moving average price of $149.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm 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 firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $3.36 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a 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%.

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.