D.R. Horton, Inc. (NYSE:DHI) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 31.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 128,353 shares of the construction company’s stock after selling 59,904 shares during the quarter. American Century Companies Inc.’s holdings in D.R. Horton were worth $18,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC purchased a new position in shares of D.R. Horton in the first quarter valued at $1,249,000. Vinva Investment Management Ltd raised its holdings in shares of D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after purchasing an additional 30,186 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of D.R. Horton by 85.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock worth $5,787,000 after acquiring an additional 16,252 shares during the period. Alaska Permanent Fund Corp increased its holdings in shares of D.R. Horton by 312.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock worth $1,934,000 after acquiring an additional 8,902 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of D.R. Horton by 18.1% in the 4th quarter. Stifel Financial Corp now owns 94,924 shares of the construction company’s stock worth $14,429,000 after acquiring an additional 14,573 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on DHI shares. Bank of America increased their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Barclays increased their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Finally, JMP Securities raised their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.33.

D.R. Horton Trading Down 2.6 %

Shares of NYSE DHI opened at $191.91 on Friday. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85. The company has a market cap of $63.20 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $180.71 and a 200-day simple moving average of $159.35.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the business posted $3.90 earnings per share. D.R. Horton’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders 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 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is 8.17%.

D.R. Horton declared that its board has authorized a stock repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows 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.

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.