Clear Rock Advisors LLC Has $3.44 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Clear Rock Advisors LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,412 shares of the construction company’s stock after purchasing an additional 136 shares during the period. D.R. Horton accounts for approximately 1.5% of Clear Rock Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Clear Rock Advisors LLC’s holdings in D.R. Horton were worth $3,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of D.R. Horton by 18.1% during the fourth quarter. Stifel Financial Corp now owns 94,924 shares of the construction company’s stock worth $14,429,000 after buying an additional 14,573 shares during the period. KBC Group NV lifted its stake in shares of D.R. Horton by 15.6% in the 4th quarter. KBC Group NV now owns 23,258 shares of the construction company’s stock valued at $3,534,000 after purchasing an additional 3,134 shares during the period. CWA Asset Management Group LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $314,000. NEOS Investment Management LLC increased its holdings in D.R. Horton by 42.7% in the fourth quarter. NEOS Investment Management LLC now owns 4,266 shares of the construction company’s stock worth $648,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in shares of D.R. Horton by 3.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 16,213 shares of the construction company’s stock valued at $2,464,000 after acquiring an additional 601 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

D.R. Horton stock opened at $192.71 on Wednesday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85. The company’s 50 day moving average price is $183.94 and its two-hundred day moving average price is $161.30. The stock has a market cap of $63.46 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.89 and a beta of 1.73. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted 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 return on equity of 20.72% and a net margin of 13.36%. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the firm earned $3.90 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities 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 initiated a stock repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Analyst Ratings Changes

A number of equities research analysts have commented on DHI shares. Royal Bank of Canada raised their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Barclays upped their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. upped their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, JMP Securities boosted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from 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.