NEOS Investment Management LLC Boosts Position in D.R. Horton, Inc. $DHI

NEOS Investment Management LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 44,064 shares of the construction company’s stock after purchasing an additional 4,905 shares during the period. NEOS Investment Management LLC’s holdings in D.R. Horton were worth $7,177,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. iSAM Funds UK Ltd increased its position in shares of D.R. Horton by 16.2% during the second quarter. iSAM Funds UK Ltd now owns 11,000 shares of the construction company’s stock worth $1,792,000 after acquiring an additional 1,534 shares during the period. Continuum Advisory LLC bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $63,000. Nykredit A S purchased a new stake in shares of D.R. Horton in the second quarter valued at approximately $15,516,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of D.R. Horton by 36.5% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 9,090 shares of the construction company’s stock valued at $1,481,000 after purchasing an additional 2,432 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in D.R. Horton in the second quarter worth approximately $443,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. Citigroup restated a “neutral” 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 research report on Tuesday, July 21st. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five investment 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, D.R. Horton presently has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Stock Down 1.1%

D.R. Horton stock opened at $142.81 on Friday. 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 market cap of $39.94 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.27 and a beta of 1.37. The business has a fifty day moving average of $149.13 and a two-hundred day moving average of $148.84. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $3.36 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. 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.