Allworth Financial LP Has $282,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Allworth Financial LP decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,479 shares of the construction company’s stock after selling 136 shares during the quarter. Allworth Financial LP’s holdings in D.R. Horton were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $1,249,000. BI Asset Management Fondsmaeglerselskab A S raised 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 acquiring an additional 16,252 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of D.R. Horton by 107.6% in the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock valued at $2,444,000 after purchasing an additional 7,699 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of D.R. Horton by 92.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock worth $68,448,000 after purchasing an additional 199,668 shares during the last quarter. Finally, Concord Investment Counsel Inc. acquired a new stake in shares of D.R. Horton during the first quarter worth $4,161,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. UBS Group cut their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays upped their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods lifted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Moderate Buy” and an average price target of $185.87.

D.R. Horton Trading Up 1.2 %

NYSE:DHI opened at $169.29 on Thursday. The company has a market cap of $55.75 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. D.R. Horton, Inc. has a twelve month low of $102.23 and a twelve month high of $199.85. The business has a 50 day moving average price of $187.29 and a two-hundred day moving average price of $165.15. 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 Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.20 by ($0.28). D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 8.17%.

D.R. Horton declared that its board has authorized a share buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are 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.