4,356 Shares in D.R. Horton, Inc. $DHI Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 4,356 shares of the construction company’s stock, valued at approximately $710,000.

Several other hedge funds have also bought and sold shares of DHI. Danske Bank A S purchased a new stake in D.R. Horton in the second quarter worth about $19,404,000. Diversify Advisory Services LLC bought a new position in shares of D.R. Horton during the second quarter valued at approximately $1,070,000. Wealthfront Advisers LLC purchased a new position in shares of D.R. Horton during the second quarter valued at approximately $14,622,000. Foster & Motley Inc. purchased a new position in shares of D.R. Horton during the second quarter valued at approximately $8,560,000. Finally, Figure 8 Investment Strategies LLC bought a new stake in shares of D.R. Horton in the 2nd quarter worth approximately $2,398,000. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of analyst reports. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reissued 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 research note on Wednesday, July 22nd. Barclays raised their price target 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. Finally, Wells Fargo & Company lowered their price target on 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. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Trading Up 0.7%

NYSE:DHI opened at $148.43 on Friday. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average price is $151.80 and its 200-day moving average price is $149.75. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $3.36 EPS. On average, equities research analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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 $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

About D.R. Horton

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.