Allworth Financial LP Purchases 6,156 Shares of D.R. Horton, Inc. $DHI

Allworth Financial LP raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 75.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,288 shares of the construction company’s stock after purchasing an additional 6,156 shares during the period. Allworth Financial LP’s holdings in D.R. Horton were worth $2,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its holdings in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $302,000. Brown Advisory Inc. boosted its position in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DHI. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Zelman & Associates upgraded 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 report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $166.08.

D.R. Horton Price Performance

Shares of DHI stock opened at $138.01 on Friday. The stock has a 50 day moving average price of $146.97 and a 200 day moving average price of $147.89. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $180.64. 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 $38.60 billion, a P/E ratio of 13.13, a P/E/G ratio of 2.15 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. The company 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 firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.36 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.45 earnings per share for the current year.

D.R. Horton Announces Dividend

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

D.R. Horton 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.