Figure 8 Investment Strategies LLC Makes New $2.40 Million Investment in D.R. Horton, Inc. $DHI

Figure 8 Investment Strategies LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,722 shares of the construction company’s stock, valued at approximately $2,398,000. D.R. Horton accounts for approximately 2.0% of Figure 8 Investment Strategies LLC’s portfolio, making the stock its 18th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Navigoe LLC bought a new stake in D.R. Horton in the 2nd quarter valued at about $169,000. Alpine Woods Capital Investors LLC bought a new position in D.R. Horton during the second quarter worth about $2,219,000. Meeder Advisory Services Inc. purchased a new position in shares of D.R. Horton in the second quarter worth about $1,880,000. Tiemann Investment Advisors LLC bought a new stake in shares of D.R. Horton in the second quarter valued at approximately $671,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at approximately $1,758,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $145.75 on Wednesday. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $40.77 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The firm’s 50 day simple moving average is $151.94 and its 200 day simple moving average is $149.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping 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 firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the firm posted $3.36 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. As a group, analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid 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 is currently 17.13%.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Wells Fargo & Company cut 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 report on Tuesday, August 4th. Truist Financial increased their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five 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, the company presently has an average rating of “Hold” and a consensus target price 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.