Vanguard Personalized Indexing Management LLC Buys 1,062 Shares of D.R. Horton, Inc. (NYSE:DHI)

Vanguard Personalized Indexing Management LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,930 shares of the construction company’s stock after purchasing an additional 1,062 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in D.R. Horton were worth $4,881,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Premier Path Wealth Partners LLC raised its position 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 buying an additional 59 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of D.R. Horton by 1.2% in the 2nd 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 in the last quarter. Whittier Trust Co. increased its stake in shares of D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares during the last quarter. Values First Advisors Inc. raised its holdings in shares of D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after buying an additional 66 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of D.R. Horton by 0.3% during the 2nd quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock worth $3,350,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on DHI shares. Wells Fargo & Company lifted their target price on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. lifted 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. JMP Securities increased their price objective on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Bank of America upped their price target 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Stock Down 0.6 %

Shares of NYSE:DHI opened at $194.18 on Thursday. The firm has a market cap of $63.95 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.86 and a beta of 1.73. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $197.55. The business has a fifty day simple moving average of $179.00 and a 200 day simple moving average of $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 issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $9.61 billion. During the same period last year, the company earned $3.90 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

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