Thrivent Financial for Lutherans Buys 34,877 Shares of D.R. Horton, Inc. (NYSE:DHI)

Thrivent Financial for Lutherans boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,601 shares of the construction company’s stock after acquiring an additional 34,877 shares during the quarter. Thrivent Financial for Lutherans owned 0.13% of D.R. Horton worth $60,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Premier Path Wealth Partners LLC increased its position in shares of D.R. Horton by 1.0% during the 2nd 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. grew its position in 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 acquiring an additional 60 shares during the last quarter. Whittier Trust Co. raised its stake in shares of D.R. Horton by 1.7% during 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. lifted its holdings 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 worth $1,251,000 after acquiring an additional 66 shares during the last quarter. Finally, Studio Investment Management LLC boosted its stake in shares of 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 purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of a number of analyst reports. Citigroup cut 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. boosted their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada raised their target price 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 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 stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $183.33.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $191.89 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85. The company’s 50-day moving average is $180.71 and its 200 day moving average is $159.41. The stock has a market capitalization of $63.19 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 (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $9.61 billion. During the same quarter in the prior year, the company earned $3.90 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has authorized a share buyback plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

D.R. Horton Announces Dividend

The firm also recently announced 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 dividend on an annualized basis 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%.

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.