Van Hulzen Asset Management LLC Raises Position in D.R. Horton, Inc. $DHI

Van Hulzen Asset Management LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 80.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,952 shares of the construction company’s stock after acquiring an additional 4,000 shares during the period. Van Hulzen Asset Management LLC’s holdings in D.R. Horton were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in D.R. Horton in the 4th quarter worth about $25,000. Fiduciary Financial Advisors purchased a new position in D.R. Horton in the second quarter worth $25,000. Caitlin John LLC bought a new position in D.R. Horton in the 2nd quarter valued at $25,000. Osbon Capital Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $26,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth $30,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their price target on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Price Performance

NYSE:DHI opened at $138.93 on Thursday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $181.47. The stock has a fifty day moving average of $147.84 and a 200 day moving average of $148.16. 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 firm has a market capitalization of $38.86 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 2.20 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $3.36 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 10.45 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s payout ratio is 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.