Kayne Anderson Rudnick Investment Management LLC Has $2.10 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Kayne Anderson Rudnick Investment Management LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 308.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,862 shares of the construction company’s stock after purchasing an additional 11,226 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in D.R. Horton were worth $2,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of D.R. Horton during the 1st quarter worth approximately $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton in the 1st quarter valued at $29,000. Bfsg LLC boosted its stake in shares of D.R. Horton by 70.5% in 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. Riverview Trust Co bought a new stake in shares of D.R. Horton in the 1st quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth about $31,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. Wells Fargo & Company lifted their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. UBS Group increased their target price on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Bank of America lifted their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $183.33.

D.R. Horton Trading Up 0.8 %

NYSE DHI opened at $193.36 on Tuesday. 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 12 month low of $100.08 and a 12 month high of $199.85. The company has a market capitalization of $63.68 billion, a PE ratio of 13.16, a P/E/G ratio of 0.86 and a beta of 1.73. The stock has a 50-day simple moving average of $181.53 and a 200 day simple moving average of $159.73.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the firm earned $3.90 EPS. D.R. Horton’s quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current 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 dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.62%. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors 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.