D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Increased by Alaethes Wealth LLC

Alaethes Wealth LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,681 shares of the construction company’s stock after buying an additional 385 shares during the period. Alaethes Wealth LLC’s holdings in D.R. Horton were worth $1,082,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after buying an additional 987,834 shares during the period. Principal Financial Group Inc. grew its position in D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after purchasing an additional 561,337 shares in the last quarter. Long Pond Capital LP raised its position in D.R. Horton by 438.6% during the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock valued at $108,564,000 after buying an additional 537,276 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after purchasing an additional 525,705 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.6 %

Shares of NYSE:DHI opened at $191.91 on Friday. The company has a 50 day moving average price of $180.71 and a two-hundred day moving average price of $159.35. 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 company has a market capitalization of $63.20 billion, a PE ratio of 13.06, a PEG ratio of 0.86 and a beta of 1.73. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last released 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. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. Analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton announced that its Board of Directors has approved a stock repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

D.R. Horton Dividend Announcement

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 dividend of $0.30 per share. 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 presently 8.17%.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Barclays upped their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Evercore ISI raised their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada increased their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $183.33.

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.