NewEdge Advisors LLC Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

NewEdge Advisors LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 67.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,682 shares of the construction company’s stock after buying an additional 4,295 shares during the period. NewEdge Advisors LLC’s holdings in D.R. Horton were worth $1,505,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DHI shares. JPMorgan Chase & Co. raised their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Finally, Evercore ISI boosted their target price on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average target price of $183.33.

D.R. Horton Trading Down 2.9 %

Shares of NYSE:DHI opened at $184.64 on Friday. 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, Inc. has a 52-week low of $100.08 and a 52-week high of $199.85. The stock has a market cap of $60.80 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.89 and a beta of 1.72. The business has a 50-day moving average price of $184.83 and a 200-day moving average price of $161.97.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.90 EPS. Equities analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.65%. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton declared that its board has authorized a share 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 reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.