UMB Bank n.a. Trims Stake in D.R. Horton, Inc. (NYSE:DHI)

UMB Bank n.a. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 5.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,845 shares of the construction company’s stock after selling 343 shares during the period. UMB Bank n.a.’s holdings in D.R. Horton were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in D.R. Horton by 24.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 678,099 shares of the construction company’s stock worth $95,564,000 after buying an additional 133,107 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in D.R. Horton by 6.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,953 shares of the construction company’s stock worth $275,000 after buying an additional 119 shares in the last quarter. Bfsg LLC increased its stake in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Banco Santander S.A. increased its stake in D.R. Horton by 9.3% in the 2nd quarter. Banco Santander S.A. now owns 163,382 shares of the construction company’s stock worth $23,025,000 after buying an additional 13,919 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in D.R. Horton by 8.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 5,014 shares of the construction company’s stock worth $707,000 after buying an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.0 %

Shares of NYSE:DHI opened at $188.76 on Friday. 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, Inc. has a 12 month low of $100.08 and a 12 month high of $193.63. The company has a 50-day moving average price of $165.85 and a 200 day moving average price of $154.78. The company has a market cap of $62.16 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.83 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.36% and a return on equity of 20.72%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.90 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s payout ratio is currently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. UBS Group increased their price target on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada increased 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. JPMorgan Chase & Co. increased their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Citigroup downgraded shares of 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 report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $182.07.

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.