Keebeck Wealth Management Invests $1.20 Million in D.R. Horton, Inc. $DHI

Keebeck Wealth Management bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,343 shares of the construction company’s stock, valued at approximately $1,196,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Silvant Capital Management LLC bought a new stake in D.R. Horton during the 2nd quarter valued at $4,828,000. Johnson Financial Group Inc. bought a new position in shares of D.R. Horton during the 2nd quarter worth $6,126,000. Vise Technologies Inc. increased its stake in shares of D.R. Horton by 132.9% during the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after buying an additional 8,517 shares during the period. Calamos Advisors LLC raised its holdings in shares of D.R. Horton by 25.8% in the fourth quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock valued at $29,013,000 after acquiring an additional 41,249 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in D.R. Horton in the second quarter worth about $4,067,842,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays lifted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $148.43 on Friday. The company has a market capitalization of $41.52 billion, a PE ratio of 14.12, a P/E/G ratio of 2.34 and a beta of 1.37. The company has a 50-day simple moving average of $151.80 and a two-hundred day simple moving average of $149.75. 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 quick ratio of 1.04 and a current ratio of 6.43.

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, beating analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for 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 company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $3.36 EPS. Research analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 17.13%.

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.