EP Wealth Advisors LLC Buys New Shares in D.R. Horton, Inc. $DHI

EP Wealth Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,918 shares of the construction company’s stock, valued at approximately $1,452,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Silvant Capital Management LLC purchased a new position in D.R. Horton during the second quarter worth approximately $4,828,000. Johnson Financial Group Inc. purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at $6,126,000. Vise Technologies Inc. increased its holdings in shares of D.R. Horton by 132.9% during the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock worth $2,150,000 after buying an additional 8,517 shares during the last quarter. BlackRock Inc. purchased a new position in shares of D.R. Horton in the 2nd quarter worth $4,067,842,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth $2,219,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.1%

DHI opened at $148.43 on Monday. The firm’s 50 day moving average is $151.80 and its 200-day moving average is $149.75. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The firm has a market capitalization 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 (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The business 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.36 earnings per share. Analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Barclays raised their price objective on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Wells Fargo & Company reduced their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five investment 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, the stock currently has a consensus rating of “Hold” and an average target price 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.