Toroso Investments LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 568.0% in the second quarter, Holdings Channel reports. The firm owned 16,266 shares of the construction company’s stock after buying an additional 13,831 shares during the quarter. Toroso Investments LLC’s holdings in D.R. Horton were worth $1,470,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of DHI. BDO Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth $25,000. Eudaimonia Partners LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth $31,000. Concord Wealth Partners boosted its stake in shares of D.R. Horton by 58.1% in the 1st quarter. Concord Wealth Partners now owns 381 shares of the construction company’s stock worth $34,000 after buying an additional 140 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of D.R. Horton by 96.9% in the 2nd quarter. NEXT Financial Group Inc now owns 626 shares of the construction company’s stock worth $57,000 after buying an additional 308 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new position in D.R. Horton during the second quarter valued at $63,000. 81.08% of the stock is owned by institutional investors and hedge funds.
Shares of DHI stock opened at $84.83 on Thursday. D.R. Horton, Inc. has a 12-month low of $64.32 and a 12-month high of $106.89. The company has a current ratio of 6.03, a quick ratio of 1.11 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $91.01 and its 200-day moving average price is $92.31. The stock has a market capitalization of $30.38 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.88 and a beta of 1.64.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 17th. Stockholders of record on Tuesday, August 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.94%. D.R. Horton’s dividend payout ratio (DPR) is 12.99%.
In other news, Director Michael W. Hewatt sold 2,342 shares of D.R. Horton stock in a transaction dated Tuesday, July 27th. The stock was sold at an average price of $92.66, for a total value of $217,009.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.
Several research firms recently weighed in on DHI. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $115.00 target price (down from $129.00) on shares of D.R. Horton in a research report on Thursday. Citigroup lowered their target price on D.R. Horton from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, September 27th. Seaport Res Ptn reiterated a “buy” rating on shares of D.R. Horton in a research report on Monday, July 19th. Raymond James upgraded D.R. Horton from an “outperform” rating to a “strong-buy” rating and set a $110.00 target price on the stock in a research report on Friday, July 23rd. Finally, Barclays lowered their target price on D.R. Horton from $114.00 to $109.00 and set an “overweight” rating on the stock in a research report on Thursday, July 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $103.06.
D.R. Horton Company Profile
D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment includes the sub-segments East, Midwest, Southeast, South Central, Southwest and West regions. The Financial Services segment provides mortgage financing and title agency services to homebuyers in many of its homebuilding markets.
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