D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 12.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,186 shares of the construction company’s stock after buying an additional 133 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in D.R. Horton were worth $167,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in D.R. Horton in the 4th quarter valued at $516,530,000. Vanguard Group Inc. boosted its position in shares of D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after buying an additional 2,474,262 shares during the period. Long Pond Capital LP boosted its position in D.R. Horton by 438.6% during the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock valued at $108,564,000 after purchasing an additional 537,276 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after buying an additional 525,705 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of D.R. Horton by 295.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock worth $89,678,000 after purchasing an additional 407,076 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Down 2.2 %

DHI traded down $3.82 during trading on Monday, reaching $173.80. The stock had a trading volume of 2,919,053 shares, compared to its average volume of 2,584,295. The stock’s 50 day moving average is $151.03 and its two-hundred day moving average is $150.06. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $57.23 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.83 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $185.43.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion during 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.90 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

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

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. D.R. Horton’s payout ratio is presently 8.17%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DHI. BTIG Research cut their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. UBS Group raised their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Finally, Wedbush reaffirmed an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $175.60.

D.R. Horton 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.