D.R. Horton, Inc. (NYSE:DHI) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 844,344 shares of the construction company’s stock after selling 39,121 shares during the quarter. APG Asset Management N.V.’s holdings in D.R. Horton were worth $111,027,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DHI. Bfsg LLC increased its stake in shares of 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 in the last quarter. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth approximately $27,000. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in D.R. Horton during the second quarter worth $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DHI shares. Wells Fargo & Company raised their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. 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 report on Monday, July 15th. Royal Bank of Canada lifted their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their price target on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Performance

NYSE DHI opened at $187.99 on Friday. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $199.85. The business’s 50-day moving average price is $182.73 and its 200 day moving average price is $160.19. 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 firm has a market cap of $61.91 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.89 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last announced 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 company had revenue of $9.97 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.90 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton declared that its board has authorized 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 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.