George Kaiser Family Foundation Invests $949,000 in D.R. Horton, Inc. $DHI

George Kaiser Family Foundation purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, Holdings Channel reports. The fund purchased 5,827 shares of the construction company’s stock, valued at approximately $949,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westpac Banking Corp bought a new stake in D.R. Horton during the 2nd quarter worth about $94,000. TRB Wealth Management LLC bought a new position in shares of D.R. Horton in the 2nd quarter valued at about $320,000. Sumitomo Life Insurance Co. acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $812,000. Harber Asset Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $6,241,000. Finally, Korea Investment CORP bought a new stake in shares of D.R. Horton during the second quarter worth approximately $30,483,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.7%

D.R. Horton stock opened at $148.43 on Friday. The firm has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37. The company’s 50 day simple moving average is $151.80 and its 200 day simple moving average is $149.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last issued its 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%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.36 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 17.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DHI shares. Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays raised their price target on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company dropped their price objective on 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. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $166.92.

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.