Benjamin F. Edwards & Company Inc. Sells 2,639 Shares of D.R. Horton, Inc. (NYSE:DHI)

Benjamin F. Edwards & Company Inc. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 7.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 33,163 shares of the construction company’s stock after selling 2,639 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in D.R. Horton were worth $4,673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of D.R. Horton by 5.2% during the second quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock worth $314,000 after purchasing an additional 111 shares during the period. Intech Investment Management LLC increased its stake in D.R. Horton by 829.7% during the 2nd quarter. Intech Investment Management LLC now owns 68,085 shares of the construction company’s stock valued at $9,595,000 after purchasing an additional 60,762 shares in the last quarter. Inspire Investing LLC raised its holdings in D.R. Horton by 145.2% during the second quarter. Inspire Investing LLC now owns 7,945 shares of the construction company’s stock worth $1,120,000 after buying an additional 4,705 shares during the last quarter. XTX Topco Ltd bought a new position in shares of D.R. Horton in the second quarter valued at $1,737,000. Finally, Hsbc Holdings PLC grew its holdings in shares of D.R. Horton by 3.5% during the second quarter. Hsbc Holdings PLC now owns 1,020,195 shares of the construction company’s stock valued at $143,662,000 after buying an additional 34,961 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DHI. JPMorgan Chase & Co. raised their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI raised their target price on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Down 2.6 %

D.R. Horton stock opened at $191.89 on Friday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $63.19 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. The firm has a 50 day moving average price of $180.71 and a 200-day moving average price of $159.41. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $199.85.

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

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton announced that its board has initiated a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans 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.