Marshall Wace LLP Has $329.19 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Marshall Wace LLP decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,335,840 shares of the construction company’s stock after selling 120,611 shares during the quarter. D.R. Horton accounts for about 0.4% of Marshall Wace LLP’s portfolio, making the stock its 28th largest holding. Marshall Wace LLP owned approximately 0.71% of D.R. Horton worth $329,190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter worth about $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $29,000. Bfsg LLC raised its position 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 buying an additional 74 shares in the last quarter. Riverview Trust Co acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.8 %

DHI opened at $193.36 on Tuesday. 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 debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The firm has a market capitalization of $63.68 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.86 and a beta of 1.73. The company’s 50 day moving average price is $181.53 and its two-hundred day moving average price is $159.73.

D.R. Horton (NYSE:DHI) last posted its 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. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the firm posted $3.90 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid 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 was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price 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 boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. UBS Group upped their price objective 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. JMP Securities upped their price objective on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Finally, Barclays upped their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research 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 given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $183.33.

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.