Scientech Research LLC Invests $482,000 in D.R. Horton, Inc. (NYSE:DHI)

Scientech Research LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,422 shares of the construction company’s stock, valued at approximately $482,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Shellback Capital LP raised its stake in shares of D.R. Horton by 83.8% in the 2nd quarter. Shellback Capital LP now owns 45,954 shares of the construction company’s stock valued at $6,476,000 after purchasing an additional 20,954 shares in the last quarter. Mackenzie Financial Corp increased its holdings in D.R. Horton by 42.7% in the second quarter. Mackenzie Financial Corp now owns 137,194 shares of the construction company’s stock valued at $19,335,000 after buying an additional 41,034 shares during the last quarter. Maplelane Capital LLC acquired a new stake in D.R. Horton during the second quarter valued at approximately $10,006,000. MBB Public Markets I LLC bought a new position in D.R. Horton during the 2nd quarter worth approximately $3,154,000. Finally, DoubleLine ETF Adviser LP acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $1,140,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 1.2 %

DHI opened at $190.35 on Monday. 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, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85. The stock’s 50 day moving average price is $183.35 and its 200 day moving average price is $160.72. The stock 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 (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 analysts’ expectations 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 revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.90 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton declared that its Board of Directors has initiated a share repurchase 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Wells Fargo & Company increased their target price 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. Keefe, Bruyette & Woods lifted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Two 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $183.33.

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.