Earnest Partners LLC Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Earnest Partners LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,064,149 shares of the construction company’s stock after acquiring an additional 9,137 shares during the quarter. D.R. Horton accounts for about 1.4% of Earnest Partners LLC’s investment portfolio, making the stock its 10th largest position. Earnest Partners LLC’s holdings in D.R. Horton were worth $290,901,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new position in D.R. Horton in the 1st quarter worth about $1,249,000. Vinva Investment Management Ltd increased its position in shares of D.R. Horton by 59.3% during the 4th quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock valued at $12,537,000 after purchasing an additional 30,186 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of D.R. Horton by 85.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock valued at $5,787,000 after purchasing an additional 16,252 shares during the last quarter. Alaska Permanent Fund Corp increased its position in shares of D.R. Horton by 312.0% during the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after purchasing an additional 8,902 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of D.R. Horton by 18.1% during the 4th quarter. Stifel Financial Corp now owns 94,924 shares of the construction company’s stock valued at $14,429,000 after purchasing an additional 14,573 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHI has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. UBS Group increased their price objective on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th. JMP Securities raised their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada raised their price target on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.33.

D.R. Horton Trading Down 2.7 %

NYSE DHI opened at $187.21 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The stock has a 50 day simple moving average of $182.13 and a two-hundred day simple moving average of $160.00. The stock has a market cap of $61.65 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share 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 analysts’ expectations of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $3.90 EPS. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s payout ratio is presently 8.17%.

D.R. Horton declared that its board has approved a share buyback plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are often 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.