Thoroughbred Financial Services LLC Takes $295,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Thoroughbred Financial Services LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,095 shares of the construction company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DHI. Premier Path Wealth Partners LLC increased its stake in shares of D.R. Horton by 1.0% in 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 in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. boosted its position in shares of D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after purchasing an additional 63 shares in the last quarter. Values First Advisors Inc. grew its stake 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 buying an additional 66 shares during the period. Finally, Studio Investment Management LLC increased its position in D.R. Horton by 0.3% in the 2nd quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock valued at $3,350,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. UBS Group boosted their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays raised their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada lifted their price target on 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Stock Up 0.5 %

DHI stock opened at $195.48 on Wednesday. The stock has a market cap of $64.37 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $177.90 and its two-hundred day simple moving average is $158.56. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $196.72.

D.R. Horton (NYSE:DHI) last issued 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 company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the firm earned $3.90 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.61%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton announced that its board has initiated a stock repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.