Earnest Partners LLC Grows Stake in D. R. Horton Inc (NYSE:DHI)

Earnest Partners LLC raised its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 1.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,816,990 shares of the construction company’s stock after purchasing an additional 22,163 shares during the quarter. Earnest Partners LLC’s holdings in D. R. Horton were worth $78,367,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ibex Wealth Advisors purchased a new position in shares of D. R. Horton during the second quarter valued at approximately $41,000. Swiss National Bank boosted its position in shares of D. R. Horton by 2.5% during the first quarter. Swiss National Bank now owns 1,193,274 shares of the construction company’s stock valued at $49,378,000 after buying an additional 29,500 shares during the period. Appleton Partners Inc. MA boosted its position in shares of D. R. Horton by 66.9% during the second quarter. Appleton Partners Inc. MA now owns 27,130 shares of the construction company’s stock valued at $1,170,000 after buying an additional 10,870 shares during the period. BB&T Corp boosted its position in shares of D. R. Horton by 0.8% during the second quarter. BB&T Corp now owns 183,495 shares of the construction company’s stock valued at $7,914,000 after buying an additional 1,448 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of D. R. Horton by 11.8% during the first quarter. First Trust Advisors LP now owns 642,678 shares of the construction company’s stock valued at $26,594,000 after buying an additional 67,617 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.

Several analysts have recently weighed in on the stock. SunTrust Banks assumed coverage on shares of D. R. Horton in a research note on Monday, August 12th. They set a “buy” rating and a $56.00 price target for the company. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research note on Wednesday, July 31st. Seaport Global Securities assumed coverage on shares of D. R. Horton in a research note on Friday, August 23rd. They set a “buy” rating and a $59.00 price target for the company. BTIG Research lifted their price target on shares of D. R. Horton to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Buckingham Research lifted their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $49.04.

Shares of NYSE:DHI opened at $50.15 on Friday. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. D. R. Horton Inc has a 52 week low of $32.39 and a 52 week high of $50.89. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $47.95 and a 200 day moving average of $44.57.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.20. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. D. R. Horton’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. On average, sell-side analysts expect that D. R. Horton Inc will post 4.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, August 9th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

In related news, Director Bradley S. Anderson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Hewatt sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total transaction of $346,150.00. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $937,350 in the last three months. 6.87% of the stock is currently owned by insiders.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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