Ashton Thomas Securities LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Ashton Thomas Securities LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, HoldingsChannel reports. The firm purchased 260 shares of the construction company’s stock, valued at approximately $50,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new position in shares of D.R. Horton during the 1st quarter worth $1,193,000. Beacon Investment Advisory Services Inc. bought a new stake in D.R. Horton in the first quarter worth $288,000. Blair William & Co. IL boosted its holdings in D.R. Horton by 0.6% in the first quarter. Blair William & Co. IL now owns 37,310 shares of the construction company’s stock worth $6,139,000 after purchasing an additional 230 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in D.R. Horton by 9.2% during the first quarter. Orion Portfolio Solutions LLC now owns 26,461 shares of the construction company’s stock worth $4,354,000 after buying an additional 2,237 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new position in D.R. Horton during the first quarter valued at about $280,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $161.13 on Thursday. The firm has a market capitalization of $52.50 billion, a PE ratio of 11.22, a PEG ratio of 0.57 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The business’s 50 day moving average is $183.75 and its 200-day moving average is $166.72.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is presently 11.14%.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on DHI. JMP Securities upped their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Barclays decreased their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $185.87.

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.