Pacer Advisors Inc. Has $6.21 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,062 shares of the construction company’s stock after purchasing an additional 4,423 shares during the quarter. Pacer Advisors Inc.’s holdings in D.R. Horton were worth $6,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of D.R. Horton by 0.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 59,990 shares of the construction company’s stock worth $8,454,000 after acquiring an additional 400 shares during the period. AE Wealth Management LLC raised its holdings in D.R. Horton by 42.1% in the 2nd quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock valued at $743,000 after acquiring an additional 1,563 shares in the last quarter. Brighton Jones LLC raised its holdings in D.R. Horton by 5.2% in the 2nd quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock valued at $314,000 after acquiring an additional 111 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of D.R. Horton by 829.7% during the 2nd quarter. Intech Investment Management LLC now owns 68,085 shares of the construction company’s stock worth $9,595,000 after buying an additional 60,762 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of D.R. Horton by 145.2% during the 2nd quarter. Inspire Investing LLC now owns 7,945 shares of the construction company’s stock worth $1,120,000 after buying an additional 4,705 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $193.36 on Tuesday. The firm has a market capitalization of $63.68 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.86 and a beta of 1.73. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $199.85. The stock has a fifty day moving average of $181.53 and a 200 day moving average of $159.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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. The company had revenue of $9.97 billion during 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 firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $3.90 earnings per share. On average, research analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its board has authorized a share buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are typically 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. Shareholders of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. D.R. Horton’s payout ratio is 8.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DHI shares. Wells Fargo & Company upped their target price on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Barclays increased their price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. increased their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Evercore ISI increased their price objective on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada increased their price objective on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Two 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’s stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $183.33.

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.