Freestone Grove Partners LP Takes $5.87 Million Position in D.R. Horton, Inc. $DHI

Freestone Grove Partners LP purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel reports. The institutional investor purchased 36,013 shares of the construction company’s stock, valued at approximately $5,866,000.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in D.R. Horton during the second quarter valued at about $4,067,842,000. Capital World Investors lifted its position in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton in the fourth quarter worth approximately $649,305,000. Bank of New York Mellon Corp purchased a new position in shares of D.R. Horton during the second quarter worth approximately $294,292,000. Finally, Legal & General Group Plc bought a new stake in D.R. Horton in the second quarter worth $280,664,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DHI. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note 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. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Barclays increased their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $166.92.

D.R. Horton Trading Up 1.6%

D.R. Horton stock opened at $147.58 on Friday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company has a market cap of $41.28 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.31 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $151.06 and a two-hundred day simple moving average of $149.52.

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, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $3.36 earnings per share. Analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

D.R. Horton 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.