Rothschild Investment LLC Invests $418,000 in D.R. Horton, Inc. (NYSE:DHI)

Rothschild Investment LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,966 shares of the construction company’s stock, valued at approximately $418,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC lifted its position in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after acquiring an additional 59 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares during the last quarter. Values First Advisors Inc. boosted its position in shares of D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after purchasing an additional 66 shares during the period. Everpar Advisors LLC increased its stake in D.R. Horton by 4.4% in the 2nd quarter. Everpar Advisors LLC now owns 1,669 shares of the construction company’s stock worth $235,000 after purchasing an additional 71 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in D.R. Horton by 5.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,417 shares of the construction company’s stock worth $200,000 after buying an additional 71 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 1.0 %

NYSE:DHI opened at $188.76 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The company has a market capitalization of $62.16 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.87 and a beta of 1.71. The stock’s 50 day moving average price is $165.85 and its 200 day moving average price is $154.87. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $193.63.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the prior year, the business posted $3.90 EPS. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has authorized a share buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DHI. Wells Fargo & Company raised their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Bank of America increased their target price on D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.