Raymond James Financial Services Advisors Inc. reduced its stake in D. R. Horton Inc (NYSE:DHI) by 20.2% in the second quarter, HoldingsChannel.com reports. The fund owned 60,259 shares of the construction company’s stock after selling 15,243 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in D. R. Horton were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in shares of D. R. Horton by 65.7% in the first quarter. Great West Life Assurance Co. Can now owns 416,825 shares of the construction company’s stock worth $18,288,000 after acquiring an additional 165,290 shares during the period. Mackay Shields LLC bought a new position in shares of D. R. Horton in the first quarter worth $2,518,000. Atria Investments LLC bought a new position in shares of D. R. Horton in the second quarter worth $214,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of D. R. Horton by 266.4% in the first quarter. Campbell & CO Investment Adviser LLC now owns 17,468 shares of the construction company’s stock worth $766,000 after acquiring an additional 12,701 shares during the period. Finally, Bahl & Gaynor Inc. bought a new position in shares of D. R. Horton in the first quarter worth $1,422,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

NYSE DHI opened at $44.38 on Friday. D. R. Horton Inc has a twelve month low of $34.95 and a twelve month high of $53.32. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.10 and a beta of 1.17.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.10. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. analysts predict that D. R. Horton Inc will post 4.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. D. R. Horton’s payout ratio is 18.25%.

DHI has been the subject of several research analyst reports. KeyCorp set a $54.00 price objective on D. R. Horton and gave the company a “buy” rating in a research note on Friday, July 27th. Credit Suisse Group set a $55.00 price objective on D. R. Horton and gave the company a “buy” rating in a research note on Thursday, April 26th. ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Mizuho set a $46.00 price objective on D. R. Horton and gave the company a “hold” rating in a research note on Monday, August 6th. Finally, JMP Securities dropped their price objective on D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating for the company in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $54.27.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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