D.R. Horton, Inc. (NYSE:DHI) Holdings Raised by Caprock Group LLC

Caprock Group LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 37.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,639 shares of the construction company’s stock after purchasing an additional 2,094 shares during the quarter. Caprock Group LLC’s holdings in D.R. Horton were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after acquiring an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after acquiring an additional 81,900 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton in the 4th quarter worth approximately $516,530,000. Franklin Resources Inc. grew its position in D.R. Horton by 12.5% during the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after purchasing an additional 260,864 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in D.R. Horton by 10.6% during the 1st quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock valued at $338,152,000 after purchasing an additional 196,748 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DHI. Royal Bank of Canada lifted their price target on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. StockNews.com cut D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. UBS Group boosted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Evercore ISI upped their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $187.60 on Wednesday. The business’s 50-day simple moving average is $172.32 and its 200-day simple moving average is $157.02. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $193.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm has a market cap of $61.13 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.90 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

D.R. Horton announced that its Board of Directors has authorized a stock repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.