D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Bcwm LLC

Bcwm LLC grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,206 shares of the construction company’s stock after acquiring an additional 1,543 shares during the period. D.R. Horton comprises about 2.7% of Bcwm LLC’s investment portfolio, making the stock its 15th biggest holding. Bcwm LLC’s holdings in D.R. Horton were worth $7,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC purchased a new stake in D.R. Horton during the 1st quarter worth approximately $1,249,000. Vinva Investment Management Ltd grew its position in shares of D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after buying an additional 30,186 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of D.R. Horton by 85.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock worth $5,787,000 after buying an additional 16,252 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in D.R. Horton by 312.0% in the first quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after acquiring an additional 8,902 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in D.R. Horton by 24.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock valued at $4,978,000 after acquiring an additional 6,429 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada increased their target price 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. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company upped their target price on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $182.07.

D.R. Horton Stock Up 3.2 %

DHI stock opened at $194.80 on Monday. The firm has a market cap of $64.15 billion, a PE ratio of 13.26, a P/E/G ratio of 0.86 and a beta of 1.73. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $195.00. 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 firm has a 50 day simple moving average of $175.54 and a 200 day simple moving average of $157.94.

D.R. Horton (NYSE:DHI) last released 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. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $3.90 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

D.R. Horton declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is 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.