EverSource Wealth Advisors LLC Sells 286 Shares of D.R. Horton, Inc. (NYSE:DHI)

EverSource Wealth Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,691 shares of the construction company’s stock after selling 286 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in D.R. Horton were worth $5,453,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. raised its position in shares of D.R. Horton by 12.0% in the fourth quarter. Brown Advisory Inc. now owns 5,461 shares of the construction company’s stock valued at $830,000 after buying an additional 587 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $339,000. Cambridge Investment Research Advisors Inc. grew its stake in D.R. Horton by 30.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 57,040 shares of the construction company’s stock worth $8,669,000 after buying an additional 13,457 shares in the last quarter. SageView Advisory Group LLC bought a new position in D.R. Horton in the 4th quarter valued at about $253,000. Finally, Team Hewins LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $333,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DHI shares. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Bank of America lifted their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group raised their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Finally, Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $183.33.

D.R. Horton Trading Down 2.6 %

NYSE:DHI opened at $191.89 on Friday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm’s fifty day moving average is $180.71 and its 200-day moving average is $159.41. The firm has a market cap of $63.19 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last issued 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 firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate 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 revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $3.90 EPS. Equities analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton declared that its board has initiated a share buyback plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.