148,251 Shares in D.R. Horton, Inc. $DHI Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 148,251 shares of the construction company’s stock, valued at approximately $24,147,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of D.R. Horton as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several analysts recently issued reports on DHI shares. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates raised 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 report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $166.92.

D.R. Horton Stock Up 0.5%

DHI stock opened at $149.04 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a market capitalization of $41.69 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The business’s 50 day moving average price is $151.68 and its two-hundred day moving average price is $149.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

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, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $3.36 earnings per share. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis 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%.

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.