D.R. Horton, Inc. (NYSE:DHI) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 78.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,455 shares of the construction company’s stock after selling 380,921 shares during the period. National Bank of Canada FI’s holdings in D.R. Horton were worth $14,713,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bfsg LLC boosted its stake in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Rise Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth $29,000. Riverview Trust Co acquired a new stake in D.R. Horton during the 1st quarter worth $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased 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 note on Tuesday, July 23rd. Bank of America raised their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of 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 raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $182.07.

D.R. Horton Stock Performance

NYSE:DHI opened at $186.14 on Friday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $170.26 and a two-hundred day moving average price of $156.34. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $193.63. The company has a market capitalization of $61.30 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating 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 the consensus estimate of $9.61 billion. During the same period last year, the firm posted $3.90 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

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

D.R. Horton Dividend Announcement

The firm 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 annualized dividend and a yield of 0.64%. D.R. Horton’s dividend payout ratio (DPR) 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.