D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Creative Planning

Creative Planning raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,322 shares of the construction company’s stock after purchasing an additional 670 shares during the quarter. Creative Planning’s holdings in D.R. Horton were worth $5,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Bfsg LLC raised its holdings 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 buying an additional 74 shares during the period. Rise Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at $27,000. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at $29,000. Riverview Trust Co purchased a new stake in shares of D.R. Horton in the 1st quarter valued at $30,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DHI shares. Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Royal Bank of Canada boosted their target price on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. UBS Group upped their price objective on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Evercore ISI upped their price objective on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $183.33.

D.R. Horton Stock Down 0.2 %

DHI opened at $190.22 on Friday. The business has a 50 day moving average price of $184.68 and a two-hundred day moving average price of $161.70. 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 cap of $62.64 billion, a PE ratio of 12.95, a P/E/G ratio of 0.89 and a beta of 1.73. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.90 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS 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 Announces Dividend

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

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.