Miracle Mile Advisors LLC Buys 138 Shares of D.R. Horton, Inc. (NYSE:DHI)

Miracle Mile Advisors LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,049 shares of the construction company’s stock after purchasing an additional 138 shares during the period. Miracle Mile Advisors LLC’s holdings in D.R. Horton were worth $1,345,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC raised its position in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Rise Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth $29,000. Riverview Trust Co acquired a new stake in D.R. Horton during the 1st quarter worth $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $31,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DHI. Evercore ISI lifted their target price 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. Barclays lifted their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Royal Bank of Canada boosted their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. boosted 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Two research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $183.33.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $185.16 on Tuesday. The company’s 50 day moving average price is $184.83 and its two-hundred day moving average price is $162.00. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $199.85. The firm has a market cap of $60.98 billion, a PE ratio of 12.60, a PEG ratio of 0.89 and a beta of 1.72. 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 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. The business had revenue of $9.97 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $3.90 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton declared that its board has initiated a stock 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 reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.