Sei Investments Co. Has $116.38 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Sei Investments Co. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,801 shares of the construction company’s stock after buying an additional 30,518 shares during the quarter. Sei Investments Co. owned 0.25% of D.R. Horton worth $116,380,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Premier Path Wealth Partners LLC grew its holdings in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after purchasing an additional 59 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after acquiring an additional 63 shares during the period. Values First Advisors Inc. boosted its position in shares of D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares in the last quarter. Finally, Studio Investment Management LLC increased its stake in D.R. Horton by 0.3% in the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock valued at $3,350,000 after acquiring an additional 70 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods increased their price objective 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. JMP Securities lifted their price objective on 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, Evercore ISI upped their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.33.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $191.91 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $180.71 and a 200 day simple moving average of $159.35. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $199.85. The firm has a market cap 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.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate 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 company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period last year, the firm earned $3.90 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton announced that its board has authorized a share buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.63%. D.R. Horton’s payout ratio is presently 8.17%.

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.