TCM Advisors LLC Buys New Stake in D.R. Horton, Inc. $DHI

TCM Advisors LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,309 shares of the construction company’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Infrastructure Capital Advisors LLC purchased a new position in shares of D.R. Horton during the 2nd quarter valued at about $5,537,000. Cibc World Market Inc. acquired a new position in shares of D.R. Horton in the 2nd quarter valued at about $6,856,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of D.R. Horton in the second quarter worth about $36,587,000. Osmosis Investment Management UK Ltd purchased a new stake in shares of D.R. Horton in the second quarter worth about $1,033,000. Finally, Sanctuary Advisors LLC acquired a new stake in D.R. Horton during the second quarter worth about $6,875,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHI shares. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Wells Fargo & Company lowered their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Finally, Citigroup reiterated a “neutral” rating 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 issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Price Performance

NYSE:DHI opened at $148.43 on Monday. 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 52 week low of $131.75 and a 52 week high of $184.54. The stock’s 50-day moving average price is $151.80 and its 200-day moving average price is $149.75. The stock has a market capitalization of $41.52 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its quarterly 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 company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.36 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date 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 payout ratio is 17.13%.

D.R. Horton Company 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.