Pure Financial Advisors LLC Makes New Investment in D.R. Horton, Inc. $DHI

Pure Financial Advisors LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,806 shares of the construction company’s stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the 4th quarter worth about $25,000. Fiduciary Financial Advisors purchased a new position in shares of D.R. Horton during the 2nd quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in D.R. Horton during the fourth quarter worth approximately $30,000. Finally, Compass Financial Management LLC purchased a new position in D.R. Horton during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.0%

NYSE DHI opened at $149.33 on Thursday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The business has a 50 day moving average price of $151.51 and a two-hundred day moving average price of $149.61. The stock has a market cap of $41.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.36 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 17.13%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note 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 for the company in a research report on Tuesday, August 4th. BTIG Research set a $184.00 price objective on 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, The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, D.R. Horton presently has an average 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.