Everpar Advisors LLC Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Everpar Advisors LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,251 shares of the construction company’s stock after selling 418 shares during the period. Everpar Advisors LLC’s holdings in D.R. Horton were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bfsg LLC raised its holdings in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares during the period. Rise Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth $29,000. Riverview Trust Co purchased a new position in shares of D.R. Horton during the 1st quarter worth $30,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent analyst reports. JMP Securities raised their price objective on 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. Royal Bank of Canada raised their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $183.33.

D.R. Horton Stock Performance

Shares of DHI opened at $185.16 on Tuesday. The stock has a 50-day simple moving average of $184.83 and a 200-day simple moving average of $162.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The stock has a market capitalization of $60.98 billion, a PE ratio of 12.60, a PEG ratio of 0.89 and a beta of 1.72. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (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 return on equity of 20.72% and a net margin of 13.36%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.90 EPS. On average, analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

D.R. Horton announced that its board has authorized a stock repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership 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.