D.R. Horton, Inc. $DHI Holdings Boosted by Osaic Holdings Inc.

Osaic Holdings Inc. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 101.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,722 shares of the construction company’s stock after acquiring an additional 30,645 shares during the period. Osaic Holdings Inc.’s holdings in D.R. Horton were worth $7,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC acquired a new position in D.R. Horton during the 2nd quarter valued at approximately $29,000. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of D.R. Horton by 1,678.9% during the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after acquiring an additional 319 shares during the period. Ransom Advisory Ltd acquired a new position in shares of D.R. Horton during the first quarter valued at $51,000. Finally, Adirondack Trust Co. grew its position in shares of D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after acquiring an additional 141 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI opened at $147.12 on Monday. The business has a 50 day moving average price of $151.31 and a two-hundred day moving average price of $151.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.38. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same period in the prior year, the firm posted $3.92 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is currently 15.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup reissued a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Barclays raised their target price on D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Bank of America reduced their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.08.

About D.R. Horton

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.