D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,613 shares of the construction company’s stock after selling 4,368 shares during the period. Oppenheimer & Co. Inc.’s holdings in D.R. Horton were worth $2,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth about $27,000. RiverPark Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth about $29,000. Bfsg LLC lifted its holdings in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares during the period. Riverview Trust Co purchased a new position in shares of D.R. Horton during the 1st quarter worth about $30,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DHI shares. Bank of America increased their price objective on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. JMP Securities raised their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Evercore ISI raised their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.07.

D.R. Horton Stock Down 0.1 %

Shares of NYSE:DHI opened at $194.60 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $196.72. The company has a 50 day moving average of $176.71 and a two-hundred day moving average of $158.26. The company has a market capitalization of $64.08 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter last year, the company earned $3.90 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders 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 dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s payout ratio is currently 8.17%.

D.R. Horton declared that its board has approved a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

D.R. Horton Company 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.