SkyOak Wealth LLC Trims Stake in D.R. Horton, Inc. (NYSE:DHI)

SkyOak Wealth LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 8.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,942 shares of the construction company’s stock after selling 170 shares during the period. SkyOak Wealth LLC’s holdings in D.R. Horton were worth $274,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DHI. Premier Path Wealth Partners LLC lifted its position in D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after purchasing an additional 59 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. grew its position in D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after acquiring an additional 63 shares in the last quarter. Values First Advisors Inc. increased its stake in D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in D.R. Horton by 0.3% during the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock valued at $3,350,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DHI. StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. UBS Group increased 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 report on Friday, July 19th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. JMP Securities increased their target price 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. Finally, Royal Bank of Canada lifted their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report 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. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Trading Down 0.6 %

NYSE:DHI opened at $194.18 on Thursday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $197.55. The stock has a market cap of $63.95 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.86 and a beta of 1.73. The company’s 50 day moving average price is $179.00 and its 200-day moving average price is $158.81. 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 (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the business earned $3.90 earnings per share. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton declared that its board has approved 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 buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were paid 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 was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

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.