7,245 Shares in D.R. Horton, Inc. $DHI Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,245 shares of the construction company’s stock, valued at approximately $1,070,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $32,000. Wilkerson Advisory Group LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $30,000. Finally, First Horizon Corp lifted its holdings in D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 4.1%

Shares of DHI stock opened at $151.68 on Thursday. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $152.04 and a 200-day moving average of $149.77. The company has a market capitalization of $42.42 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 2.31 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 for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.36 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date of this dividend 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 17.13%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DHI shares. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Barclays upped their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 price target on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $166.92.

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.