Bcwm LLC Invests $8.74 Million in D.R. Horton, Inc. $DHI

Bcwm LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 53,693 shares of the construction company’s stock, valued at approximately $8,745,000. D.R. Horton makes up about 2.6% of Bcwm LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other large investors have also recently bought and sold shares of DHI. Integrated Wealth Concepts LLC increased its position in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of D.R. Horton during the 2nd quarter worth about $302,000. Brown Advisory Inc. boosted its stake in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DHI shares. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. 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, Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $166.92.

D.R. Horton Trading Down 1.0%

D.R. Horton stock opened at $149.33 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 business’s 50-day simple moving average is $151.51 and its 200-day simple moving average is $149.61. The firm has a market capitalization of $41.77 billion, a PE ratio of 14.21, a PEG ratio of 2.39 and a beta of 1.37. 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 posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the firm earned $3.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date 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 payout ratio is 17.13%.

D.R. Horton 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.