Van Hulzen Asset Management LLC Acquires 4,000 Shares of D.R. Horton, Inc. $DHI

Van Hulzen Asset Management LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 80.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,952 shares of the construction company’s stock after buying an additional 4,000 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in D.R. Horton were worth $1,458,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DHI shares. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays upped their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, 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. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $166.92.

D.R. Horton Price Performance

DHI stock opened at $138.93 on Thursday. 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 50 day moving average price of $147.84 and a 200-day moving average price of $148.16. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $181.47. The firm has a market capitalization of $38.86 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.20 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 10.45 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 paid a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s payout ratio is currently 17.13%.

About D.R. Horton

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.