Dynamic Advisor Solutions LLC Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Dynamic Advisor Solutions LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,612 shares of the construction company’s stock after selling 3,865 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in D.R. Horton were worth $5,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Schroder Investment Management Group grew its holdings in D.R. Horton by 89.4% in the fourth quarter. Schroder Investment Management Group now owns 179,895 shares of the construction company’s stock worth $27,340,000 after purchasing an additional 84,918 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in D.R. Horton by 3.5% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 26,582 shares of the construction company’s stock worth $4,040,000 after purchasing an additional 890 shares during the last quarter. Rench Wealth Management Inc. purchased a new position in D.R. Horton in the fourth quarter worth $260,000. Ethic Inc. grew its holdings in D.R. Horton by 8.2% in the fourth quarter. Ethic Inc. now owns 57,023 shares of the construction company’s stock worth $8,666,000 after purchasing an additional 4,305 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in D.R. Horton by 4.0% in the fourth quarter. Jacobi Capital Management LLC now owns 7,025 shares of the construction company’s stock worth $1,068,000 after purchasing an additional 272 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.33.

D.R. Horton Stock Up 0.2 %

DHI opened at $185.48 on Wednesday. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $199.85. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $184.96 and a 200 day moving average price of $162.16. The company has a market cap of $61.08 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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 net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the firm earned $3.90 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

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

D.R. Horton Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend 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%.

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.