Bahl & Gaynor Inc. Purchases 89,687 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bahl & Gaynor Inc. boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 602.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,563 shares of the construction company’s stock after purchasing an additional 89,687 shares during the period. Bahl & Gaynor Inc.’s holdings in D.R. Horton were worth $14,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC lifted its stake in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of D.R. Horton during the first quarter worth approximately $27,000. RiverPark Advisors LLC purchased a new position in shares of D.R. Horton during the first quarter worth approximately $29,000. Riverview Trust Co purchased a new position in shares of D.R. Horton during the first quarter worth approximately $30,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton during the second quarter worth approximately $31,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Bank of America lifted their price objective on shares of D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a report on Monday, July 22nd. JMP Securities lifted their price objective on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada lifted 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $182.07.

D.R. Horton Stock Down 1.3 %

DHI opened at $185.16 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $193.63. 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 company has a fifty day moving average of $173.30 and a two-hundred day moving average of $157.21. The stock has a market capitalization of $60.98 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 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 analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.90 earnings per share. On average, research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton announced that its board has approved a share repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.65%. D.R. Horton’s dividend payout ratio is currently 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.