JGP Wealth Management LLC Makes New $600,000 Investment in D.R. Horton, Inc. $DHI

JGP Wealth Management LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,683 shares of the construction company’s stock, valued at approximately $600,000.

A number of other hedge funds have also modified their holdings of the business. Integrated Wealth Concepts LLC lifted its position in D.R. Horton by 23.4% in the first 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 during the last quarter. Geneos Wealth Management Inc. increased its position in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $302,000. Brown Advisory Inc. raised its stake in shares of D.R. Horton by 3.4% in 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 period. Finally, Cerity Partners LLC lifted its holdings in shares of D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays lifted their target price 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. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Five equities 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Up 0.8%

Shares of D.R. Horton stock opened at $151.63 on Thursday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company has a market capitalization of $42.41 billion, a P/E ratio of 14.43, a P/E/G ratio of 2.39 and a beta of 1.37. The company has a 50 day moving average of $151.72 and a 200 day moving average of $150.09.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $3.36 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s dividend payout ratio is 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.