4,178 Shares in D.R. Horton, Inc. $DHI Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,178 shares of the construction company’s stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Manhattan CO. LLC. grew its stake in shares of D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after acquiring an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after purchasing an additional 72 shares during the period. AMG National Trust Bank boosted its holdings in D.R. Horton by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after purchasing an additional 74 shares during the period. Finally, AdvisorShares Investments LLC grew its stake in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DHI. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. UBS Group boosted their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Finally, Wells Fargo & Company decreased their price target 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. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $166.92.

D.R. Horton Stock Performance

Shares of DHI opened at $151.68 on Thursday. The company’s 50 day simple moving average is $152.04 and its 200-day simple moving average is $149.77. The firm has a market cap of $42.42 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month 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.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.36 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is presently 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.