Wealthfront Advisers LLC Makes New Investment in D.R. Horton, Inc. $DHI

Wealthfront Advisers LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 89,771 shares of the construction company’s stock, valued at approximately $14,622,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Manhattan CO. LLC. lifted its stake 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 worth $511,000 after acquiring an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in D.R. Horton by 11.0% during the 4th 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 in the last quarter. Cornerstone Planning Group LLC increased its holdings in D.R. Horton by 27.9% during the 1st 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. AMG National Trust Bank raised its position in shares of D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after purchasing an additional 74 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its position in shares of D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $145.75 on Wednesday. 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 $40.77 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The business has a 50 day simple moving average of $151.94 and a 200-day simple moving average of $149.76.

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, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for 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 revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business posted $3.36 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

DHI has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Finally, UBS Group upped their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $166.92.

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.