152,153 Shares in D.R. Horton, Inc. $DHI Acquired by Man Group plc

Man Group plc acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 152,153 shares of the construction company’s stock, valued at approximately $24,783,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in D.R. Horton during the 4th quarter worth $25,000. Fiduciary Financial Advisors acquired a new stake in shares of D.R. Horton in the second quarter valued at about $25,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth about $30,000. Finally, Compass Financial Management LLC acquired a new position in D.R. Horton during the second quarter worth about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.0%

DHI opened at $149.33 on Thursday. The stock has a market capitalization of $41.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The business’s 50 day moving average price is $151.51 and its 200 day moving average price is $149.61.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $3.36 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DHI. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays boosted their target price 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. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Wells Fargo & Company cut their price target 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. Finally, Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target 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.