Redwood Investment Management LLC Purchases Shares of 13,457 D.R. Horton, Inc. $DHI

Redwood Investment Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,457 shares of the construction company’s stock, valued at approximately $2,192,000.

A number of other large investors also recently modified their holdings of the business. First Manhattan CO. LLC. increased its position in shares of D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after acquiring an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in 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 purchasing an additional 71 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after purchasing an additional 72 shares in the last quarter. AMG National Trust Bank increased its position in shares of D.R. Horton by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after purchasing an additional 74 shares during the last quarter. Finally, AdvisorShares Investments LLC increased its position in shares of D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after purchasing an additional 77 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Wells Fargo & Company lowered 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. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Barclays boosted their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $149.33 on Thursday. 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 company has a market capitalization of $41.77 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The stock has a 50 day moving average of $151.51 and a 200-day moving average of $149.61.

D.R. Horton (NYSE:DHI) last posted 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. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the business earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Announces Dividend

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

D.R. Horton Company 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.