Cibc World Market Inc. Purchases New Holdings in D.R. Horton, Inc. $DHI

Cibc World Market Inc. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,095 shares of the construction company’s stock, valued at approximately $6,856,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Silvant Capital Management LLC bought a new stake in D.R. Horton in the second quarter valued at about $4,828,000. Johnson Financial Group Inc. bought a new position in D.R. Horton during the 2nd quarter worth approximately $6,126,000. Vise Technologies Inc. grew its position in shares of 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 in the last quarter. BlackRock Inc. bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $4,067,842,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $2,219,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 1.3%

Shares of NYSE DHI opened at $150.91 on Wednesday. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $151.57 and its 200 day simple moving average is $149.67.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping 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 firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the business earned $3.36 EPS. The firm’s revenue was up .0% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The company 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 dividend on an annualized basis and a dividend 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%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DHI shares. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 price objective 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.