D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 19.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,936 shares of the construction company’s stock after purchasing an additional 14,569 shares during the period. DekaBank Deutsche Girozentrale’s holdings in D.R. Horton were worth $12,665,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bfsg LLC lifted its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the first quarter valued at approximately $27,000. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new position in D.R. Horton in the 1st quarter worth approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter valued at $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE DHI opened at $194.80 on Monday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $195.00. The company has a fifty day simple moving average of $175.54 and a 200 day simple moving average of $157.94. The company has a market cap of $64.15 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.90 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

D.R. Horton announced that its board has initiated a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. Barclays lifted their price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Bank of America upped their price objective on shares of D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada lifted their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.07.

About D.R. Horton

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.