Miracle Mile Advisors LLC Has $974,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Miracle Mile Advisors LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,911 shares of the construction company’s stock after selling 211 shares during the period. Miracle Mile Advisors LLC’s holdings in D.R. Horton were worth $974,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DHI. First Hawaiian Bank raised its stake in D.R. Horton by 0.5% during the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock valued at $2,639,000 after purchasing an additional 75 shares during the last quarter. Checchi Capital Advisers LLC grew its position in D.R. Horton by 2.0% during the first quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock worth $625,000 after buying an additional 76 shares in the last quarter. Csenge Advisory Group increased its stake in D.R. Horton by 3.2% during the second quarter. Csenge Advisory Group now owns 2,799 shares of the construction company’s stock valued at $394,000 after acquiring an additional 88 shares during the period. Legacy Capital Group California Inc. increased its stake in D.R. Horton by 2.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,957 shares of the construction company’s stock valued at $601,000 after acquiring an additional 92 shares during the period. Finally, Ieq Capital LLC raised its holdings in D.R. Horton by 1.9% in the 4th quarter. Ieq Capital LLC now owns 5,249 shares of the construction company’s stock valued at $798,000 after acquiring an additional 97 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 1.6 %

Shares of NYSE DHI traded up $2.73 during mid-day trading on Friday, reaching $178.02. 2,000,258 shares of the company’s stock were exchanged, compared to its average volume of 2,561,845. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $185.43. 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 firm has a market capitalization of $58.62 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.83 and a beta of 1.71. The business has a fifty day simple moving average of $156.91 and a 200 day simple moving average of $151.91.

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. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the company earned $3.90 earnings per share. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.04 EPS for the current fiscal year.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.67%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DHI shares. UBS Group increased their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America increased their price target on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods lifted their price objective on 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 increased their target price on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their price target 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. 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. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target 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.