D.R. Horton, Inc. (NYSE:DHI) Stock Position Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,852 shares of the construction company’s stock after selling 974 shares during the quarter. Vontobel Holding Ltd.’s holdings in D.R. Horton were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Bfsg LLC boosted its stake in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares in the last quarter. RiverPark Advisors LLC acquired a new position in D.R. Horton during the first quarter worth about $29,000. Riverview Trust Co bought a new stake in D.R. Horton in the first quarter worth about $30,000. Signature Resources Capital Management LLC acquired a new stake in D.R. Horton in the 2nd quarter valued at about $31,000. Finally, Grove Bank & Trust grew its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

DHI opened at $194.56 on Friday. The stock has a fifty day moving average price of $187.21 and a 200 day moving average price of $163.84. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85. The stock has a market cap of $64.07 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the company earned $3.90 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its board has initiated a stock repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DHI. Wells Fargo & Company raised their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Evercore ISI raised their price objective on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. UBS Group boosted their target price on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods increased 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. Finally, Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.67.

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.