Auxier Asset Management Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Auxier Asset Management raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,900 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. Auxier Asset Management’s holdings in D.R. Horton were worth $2,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in D.R. Horton during the 1st quarter worth approximately $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter worth $29,000. Bfsg LLC boosted its stake in shares of D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the period. Riverview Trust Co acquired a new stake in D.R. Horton during the 1st quarter valued at $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in D.R. Horton in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $191.91 on Friday. 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 firm has a 50-day simple moving average of $180.71 and a 200 day simple moving average of $159.35. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $199.85. The company has a market cap of $63.20 billion, a PE 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 quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current year.

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

D.R. Horton Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. UBS Group raised their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods upped 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 analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $183.33.

About D.R. Horton

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.