DRW Securities LLC Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

DRW Securities LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 76.6% in the second quarter, Holdings Channel reports. The firm owned 1,638 shares of the construction company’s stock after selling 5,362 shares during the period. DRW Securities LLC’s holdings in D.R. Horton were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC grew 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 valued at $25,000 after purchasing an additional 74 shares during the period. Rise Advisors LLC bought a new position in D.R. Horton in the 1st quarter valued at $27,000. RiverPark Advisors LLC bought a new position in D.R. Horton in the 1st quarter valued at $29,000. Riverview Trust Co bought a new position in shares of D.R. Horton during the 1st quarter worth $30,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of D.R. Horton during the 2nd quarter worth $31,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $192.37 on Wednesday. The business’s 50-day moving average price is $182.13 and its two-hundred day moving average price is $160.00. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $199.85. The stock has a market cap of $63.35 billion, a P/E ratio of 13.10, a PEG 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 announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.90 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its board has initiated a share repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Analyst Ratings Changes

Several research firms have recently weighed in on DHI. Keefe, Bruyette & Woods increased their price target 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. Evercore ISI increased their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays increased their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their price target 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. Finally, Wells Fargo & Company increased their price target on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $183.33.

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.