D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 23.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,114 shares of the construction company’s stock after purchasing an additional 397 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in D.R. Horton were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ieq Capital LLC lifted its holdings in shares of D.R. Horton by 1.9% during the fourth quarter. Ieq Capital LLC now owns 5,249 shares of the construction company’s stock valued at $798,000 after purchasing an additional 97 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of D.R. Horton by 11.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,476 shares of the construction company’s stock worth $528,000 after buying an additional 357 shares during the period. Vise Technologies Inc. purchased a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $210,000. Janney Montgomery Scott LLC boosted its stake in D.R. Horton by 24.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock worth $4,978,000 after purchasing an additional 6,429 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new position in D.R. Horton during the 4th quarter worth approximately $657,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. Evercore ISI increased their target price on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. JMP Securities increased their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Finally, Barclays boosted their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Trading Up 1.9 %

D.R. Horton stock opened at $188.76 on Friday. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $193.63. The company’s fifty day moving average price is $174.36 and its two-hundred day moving average price is $157.43. The company has a market capitalization of $62.16 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.86 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion for 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 last year, the business earned $3.90 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a dividend of $0.30 per share. 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 has initiated a share buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.