Czech National Bank Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Czech National Bank increased its position in D.R. Horton, Inc. (NYSE:DHI) by 5.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,776 shares of the construction company’s stock after purchasing an additional 3,297 shares during the period. Czech National Bank’s holdings in D.R. Horton were worth $11,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of D.R. Horton by 14.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,360 shares of the construction company’s stock worth $259,000 after purchasing an additional 174 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in D.R. Horton by 105.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 675 shares of the construction company’s stock worth $95,000 after acquiring an additional 346 shares in the last quarter. Heritage Wealth Management Inc. acquired a new stake in D.R. Horton in the second quarter valued at $812,000. Sanctuary Advisors LLC acquired a new stake in D.R. Horton in the second quarter valued at $13,668,000. Finally, Clear Rock Advisors LLC grew its holdings in D.R. Horton by 0.6% in the second quarter. Clear Rock Advisors LLC now owns 24,412 shares of the construction company’s stock valued at $3,440,000 after purchasing an additional 136 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on DHI. JMP Securities increased their price objective on 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. UBS Group increased their price objective on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America increased their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company increased their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Finally, Evercore ISI raised their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Performance

NYSE:DHI traded down $5.57 during midday trading on Friday, reaching $184.64. 2,542,256 shares of the company traded hands, compared to its average volume of 2,473,046. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $199.85. The firm has a market capitalization of $60.80 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72. 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 company has a fifty day moving average price of $184.83 and a 200 day moving average price of $161.93.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion for 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 firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.90 EPS. On average, analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

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 0.65%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

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

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.