Equitable Holdings Inc. Invests $671,000 in D.R. Horton, Inc. $DHI

Equitable Holdings Inc. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel.com reports. The firm acquired 4,120 shares of the construction company’s stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $25,000. Fiduciary Financial Advisors bought a new stake in D.R. Horton during the second quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in D.R. Horton during the fourth quarter valued at approximately $30,000. Finally, Compass Financial Management LLC bought a new position in D.R. Horton in the second quarter worth approximately $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Wells Fargo & Company reduced 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. Finally, Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Price Performance

NYSE:DHI opened at $147.58 on Friday. The business’s 50-day simple moving average is $151.06 and its two-hundred day simple moving average is $149.52. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The stock has a market cap of $41.28 billion, a PE ratio of 14.04, a P/E/G ratio of 2.34 and a beta of 1.37. 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 (NYSE:DHI) last released its quarterly earnings data 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. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company posted $3.36 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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