Wellington Wealth Strategies LLC. Purchases New Position in D.R. Horton, Inc. (NYSE:DHI)

Wellington Wealth Strategies LLC. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent filing with the SEC. The fund acquired 2,042 shares of the construction company’s stock, valued at approximately $288,000. D.R. Horton makes up 1.3% of Wellington Wealth Strategies LLC.’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bfsg LLC grew its position in shares of D.R. Horton by 70.5% in the second 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 bought a new position in D.R. Horton in the 1st quarter worth about $27,000. RiverPark Advisors LLC purchased a new position in D.R. Horton during the 1st quarter valued at about $29,000. Riverview Trust Co bought a new stake in shares of D.R. Horton during the first quarter valued at about $30,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of D.R. Horton in the second quarter worth about $31,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $190.35 on Monday. The company has a market cap of $62.68 billion, a PE ratio of 12.96, a P/E/G ratio of 0.89 and a beta of 1.73. The business has a 50 day moving average of $183.35 and a 200 day moving average of $160.72. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85. 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 posted its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period last year, the company posted $3.90 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research 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. Shareholders of record on Thursday, August 1st were issued 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 dividend yield of 0.63%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton announced that its board has authorized a stock buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

DHI has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI boosted their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. JMP Securities upped their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Barclays lifted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company upped their target price 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 equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $183.33.

D.R. Horton 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.