TD Waterhouse Canada Inc. Purchases 3,954 Shares of D.R. Horton, Inc. $DHI

TD Waterhouse Canada Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI) by 15.2% in the 2nd quarter, Holdings Channel reports. The firm owned 29,887 shares of the construction company’s stock after buying an additional 3,954 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in D.R. Horton were worth $4,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. Silvant Capital Management LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth about $4,828,000. Johnson Financial Group Inc. bought a new position in shares of D.R. Horton in the second quarter worth approximately $6,126,000. Vise Technologies Inc. increased its position in shares of D.R. Horton by 132.9% in the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after acquiring an additional 8,517 shares during the period. BlackRock Inc. purchased a new position in D.R. Horton during the 2nd quarter valued at about $4,067,842,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of D.R. Horton during the second quarter valued at approximately $2,219,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI opened at $142.81 on Monday. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 2.27 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company’s 50 day moving average is $149.13 and its two-hundred day moving average is $148.71. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last issued its earnings results 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 net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $3.36 EPS. D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s payout ratio is 17.13%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DHI. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report 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. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.92.

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.