Jupiter Topco LLC Makes New Investment in D.R. Horton, Inc. $DHI

Jupiter Topco LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 136,150 shares of the construction company’s stock, valued at approximately $22,172,000.

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

Analyst Ratings Changes

DHI has been the subject of several research reports. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 target price on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $166.92.

D.R. Horton Trading Up 1.6%

Shares of DHI opened at $147.58 on Friday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $41.28 billion, a PE ratio of 14.04, a PEG ratio of 2.31 and a beta of 1.37. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The stock has a 50 day simple moving average of $151.06 and a 200-day simple moving average of $149.52.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the firm earned $3.36 EPS. D.R. Horton’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. 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%.

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.