Glenview Trust Co Takes $1.23 Million Position in D.R. Horton, Inc. $DHI

Glenview Trust Co bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,579 shares of the construction company’s stock, valued at approximately $1,234,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. grew its position in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after buying an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of D.R. Horton by 27.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after acquiring an additional 72 shares during the period. AdvisorShares Investments LLC boosted its stake in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares during the period. Finally, Studio Investment Management LLC increased its stake in shares of D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after purchasing an additional 79 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $147.58 on Friday. 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 current ratio of 6.43 and a quick ratio of 1.04. The stock has a market cap of $41.28 billion, a P/E ratio of 14.04, a PEG ratio of 2.31 and a beta of 1.37. The company has a fifty day moving average price of $151.06 and a 200 day moving average price of $149.52.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm posted $3.36 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given 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 was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DHI. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a report 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. Finally, Wells Fargo & Company reduced their price target on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.92.

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.