MBB Public Markets I LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

MBB Public Markets I LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,380 shares of the construction company’s stock, valued at approximately $3,154,000.

Other institutional investors have also recently bought and sold shares of the company. Bfsg LLC boosted its position 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 acquiring an additional 74 shares during the period. Rise Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth about $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth about $29,000. Riverview Trust Co acquired a new stake in D.R. Horton during the 1st quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at about $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on DHI. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Bank of America lifted their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. UBS Group lifted their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Barclays lifted their price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $190.35 on Friday. 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’s 50 day moving average is $183.35 and its two-hundred day moving average is $160.69. The company has a market cap of $62.68 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.89 and a beta of 1.73. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. The company 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 company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.90 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date 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 repurchase plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding 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 typically an indication that the company’s management believes its stock is 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.