Ameritas Advisory Services LLC Acquires 119 Shares of D.R. Horton, Inc. (NYSE:DHI)

Ameritas Advisory Services LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,953 shares of the construction company’s stock after acquiring an additional 119 shares during the quarter. Ameritas Advisory Services LLC’s holdings in D.R. Horton were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DHI. Vanguard Group Inc. lifted its holdings in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. raised its position in D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after buying an additional 81,900 shares during the last quarter. Norges Bank purchased a new position in D.R. Horton during the 4th quarter worth $516,530,000. Franklin Resources Inc. boosted its holdings in D.R. Horton by 12.5% during the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after acquiring an additional 260,864 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in shares of D.R. Horton by 10.6% in the 1st quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock worth $338,152,000 after acquiring an additional 196,748 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $188.76 on Friday. The firm’s 50 day moving average is $165.85 and its 200 day moving average is $154.78. The stock has a market capitalization of $62.16 billion, a P/E ratio of 12.85, a PEG ratio of 0.83 and a beta of 1.71. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $193.63. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period last year, the company earned $3.90 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. UBS Group upped their target price on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Barclays lifted their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Evercore ISI upped their price objective on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $182.07.

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.