Freemont Management S.A. Buys Shares of 8,000 D.R. Horton, Inc. (NYSE:DHI)

Freemont Management S.A. purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,000 shares of the construction company’s stock, valued at approximately $1,526,000.

Several other large investors also recently modified their holdings of DHI. Rakuten Securities Inc. grew its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Bfsg LLC boosted its holdings in shares of 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 buying an additional 74 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the last quarter. Grove Bank & Trust grew its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the period. Finally, Signature Resources Capital Management LLC purchased a new position in D.R. Horton during the second quarter valued at $31,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DHI. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. JMP Securities upped their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Trading Down 0.4 %

Shares of DHI stock opened at $161.13 on Thursday. The company has a market cap of $52.50 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $183.75 and its two-hundred day simple moving average is $166.72. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.45 EPS. Research analysts predict that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

D.R. Horton announced that its board has authorized a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership 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.