Leuthold Group LLC Sells 664 Shares of D.R. Horton, Inc. (NYSE:DHI)

Leuthold Group LLC trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,112 shares of the construction company’s stock after selling 664 shares during the period. D.R. Horton comprises about 1.2% of Leuthold Group LLC’s investment portfolio, making the stock its 20th biggest position. Leuthold Group LLC’s holdings in D.R. Horton were worth $10,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Bfsg LLC grew its position in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $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 $27,000. RiverPark Advisors LLC bought a new position in D.R. Horton in the first quarter valued at about $29,000. Riverview Trust Co bought a new stake in D.R. Horton during the 1st quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in D.R. Horton during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.6 %

DHI stock opened at $194.18 on Thursday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $197.55. The business has a 50-day simple moving average of $179.00 and a 200 day simple moving average of $158.81. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $63.95 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. The company 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 business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.90 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton announced that its board has authorized a stock repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. lifted their price objective 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. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. Royal Bank of Canada raised their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Finally, JMP Securities raised their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Two equities 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 stock presently has a consensus rating of “Hold” and a consensus target price of $182.07.

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.