Heartland Advisors Inc. Makes New $11.87 Million Investment in D.R. Horton, Inc. $DHI

Heartland Advisors Inc. bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, HoldingsChannel reports. The firm bought 72,847 shares of the construction company’s stock, valued at approximately $11,865,000.

A number of other large investors also recently made changes to their positions in DHI. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth approximately $25,000. Osbon Capital Management LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc purchased a new stake in D.R. Horton in the 2nd quarter worth approximately $32,000. Wilkerson Advisory Group LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at $30,000. Finally, First Horizon Corp grew its holdings in shares of D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DHI shares. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Finally, BTIG Research set a $184.00 price target on shares of D.R. Horton 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 stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Up 0.7%

Shares of DHI stock opened at $148.43 on Friday. The stock’s 50 day simple moving average is $151.80 and its 200 day simple moving average is $149.75. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. 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 company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.34 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the business earned $3.36 earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 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.