Infrastructure Capital Advisors LLC Purchases New Shares in D.R. Horton, Inc. $DHI

Infrastructure Capital Advisors LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the first quarter, HoldingsChannel reports. The fund acquired 5,111 shares of the construction company’s stock, valued at approximately $701,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its position in shares of D.R. Horton by 10.8% in the 1st quarter. Quantinno Capital Management LP now owns 177,412 shares of the construction company’s stock worth $24,345,000 after purchasing an additional 17,354 shares during the period. Clough Capital Partners L P increased its position in shares of D.R. Horton by 11.9% during the first quarter. Clough Capital Partners L P now owns 258,741 shares of the construction company’s stock valued at $35,504,000 after buying an additional 27,460 shares during the period. OMERS ADMINISTRATION Corp increased its position in shares of D.R. Horton by 38.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 17,252 shares of the construction company’s stock valued at $2,367,000 after buying an additional 4,821 shares during the period. Lombard Odier Asset Management Switzerland SA bought a new position in D.R. Horton in the first quarter worth about $329,000. Finally, Waverly Advisors LLC lifted its holdings in D.R. Horton by 15.1% in the first quarter. Waverly Advisors LLC now owns 6,348 shares of the construction company’s stock worth $871,000 after buying an additional 834 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHI. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Truist Financial upped their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $168.17.

D.R. Horton Trading Up 0.4%

Shares of NYSE DHI opened at $147.40 on Tuesday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a 50-day moving average of $151.04 and a 200 day moving average of $150.42. The stock has a market cap of $41.23 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 2.31 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last announced 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 net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the company earned $3.36 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 10.54 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. D.R. Horton’s payout ratio is currently 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.