187,151 Shares in D.R. Horton, Inc. $DHI Acquired by Korea Investment CORP

Korea Investment CORP bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, HoldingsChannel reports. The fund bought 187,151 shares of the construction company’s stock, valued at approximately $30,483,000.

Other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in D.R. Horton in the second quarter worth about $302,000. Brown Advisory Inc. grew its position in D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $148.43 on Friday. The firm has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The company’s fifty day moving average is $151.80 and its 200-day moving average is $149.75. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) 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 analyst estimates 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 quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 EPS. Equities analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Barclays upped their price target on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Five equities research 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.com, the stock currently has an average 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.