Alaethes Wealth LLC Has $1.08 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Alaethes Wealth LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,681 shares of the construction company’s stock after buying an additional 385 shares during the period. Alaethes Wealth LLC’s holdings in D.R. Horton were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bfsg LLC increased its position in shares of D.R. Horton by 70.5% during the 2nd 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 acquired a new position in D.R. Horton during the first quarter worth $27,000. RiverPark Advisors LLC bought a new stake in D.R. Horton during the first quarter worth $29,000. Riverview Trust Co acquired a new stake in D.R. Horton in the first quarter valued at $30,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of D.R. Horton in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DHI shares. Keefe, Bruyette & Woods upped their target price 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. 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. JPMorgan Chase & Co. lifted their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company increased their price target on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Finally, UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $183.33.

D.R. Horton Stock Performance

NYSE DHI opened at $191.91 on Friday. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $199.85. The firm has a 50-day moving average price of $180.71 and a two-hundred day moving average price of $159.35. The company has a market capitalization of $63.20 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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 firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $3.90 EPS. Analysts anticipate that D.R. Horton, Inc. will post 14.03 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. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.63%. D.R. Horton’s dividend payout ratio is 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 repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.