D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 242.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,134 shares of the construction company’s stock after purchasing an additional 5,052 shares during the quarter. Atomi Financial Group Inc.’s holdings in D.R. Horton were worth $1,361,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bfsg LLC raised its holdings in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at approximately $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at approximately $29,000. Riverview Trust Co acquired a new position in shares of D.R. Horton during the first quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.2 %

D.R. Horton stock opened at $185.48 on Wednesday. The stock’s fifty day moving average is $184.96 and its two-hundred day moving average is $162.16. The stock has a market cap of $61.08 billion, a PE ratio of 12.63, a P/E/G ratio of 0.89 and a beta of 1.72. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $199.85. 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 (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 the consensus estimate of $3.75 by $0.35. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.90 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its board has initiated a share buyback 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 buy up to 6.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders 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 0.65%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DHI. Royal Bank of Canada upped their price target on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Wells Fargo & Company upped their price target 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. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. JMP Securities upped their price target on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Finally, Evercore ISI upped their price target on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price 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.