Boston Research & Management Inc. Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Boston Research & Management Inc. grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,135 shares of the construction company’s stock after buying an additional 425 shares during the period. D.R. Horton makes up 1.5% of Boston Research & Management Inc.’s portfolio, making the stock its 24th largest holding. Boston Research & Management Inc.’s holdings in D.R. Horton were worth $5,797,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DHI. Sei Investments Co. grew its position in D.R. Horton by 3.8% in the second quarter. Sei Investments Co. now owns 825,801 shares of the construction company’s stock worth $116,380,000 after acquiring an additional 30,518 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of D.R. Horton by 11.2% in the 2nd quarter. Pacer Advisors Inc. now owns 44,062 shares of the construction company’s stock valued at $6,210,000 after purchasing an additional 4,423 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of D.R. Horton by 0.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 59,990 shares of the construction company’s stock worth $8,454,000 after purchasing an additional 400 shares during the period. AE Wealth Management LLC increased its position in shares of D.R. Horton by 42.1% during the 2nd quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock valued at $743,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in D.R. Horton by 5.2% in the second quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock worth $314,000 after buying an additional 111 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $191.91 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The stock has a 50-day moving average of $180.71 and a two-hundred day moving average of $159.35. The stock has a market cap of $63.20 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $199.85.

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

D.R. Horton declared that its board has initiated a share repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada increased their price target on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Wells Fargo & Company upped their price objective 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. JMP Securities boosted 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 research note on Friday, July 19th. Finally, UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $183.33.

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.