Empirical Finance LLC Sells 873 Shares of D.R. Horton, Inc. (NYSE:DHI)

Empirical Finance LLC reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,926 shares of the construction company’s stock after selling 873 shares during the quarter. Empirical Finance LLC’s holdings in D.R. Horton were worth $2,104,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in shares of D.R. Horton by 515.5% in the 4th quarter. International Assets Investment Management LLC now owns 157,147 shares of the construction company’s stock valued at $23,883,000 after buying an additional 131,616 shares during the last quarter. Choreo LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $1,390,000. Brighton Jones LLC lifted its holdings in D.R. Horton by 10.0% during the 4th quarter. Brighton Jones LLC now owns 2,051 shares of the construction company’s stock valued at $312,000 after purchasing an additional 186 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of D.R. Horton by 31.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 663 shares of the construction company’s stock valued at $101,000 after acquiring an additional 159 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in D.R. Horton by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 268,295 shares of the construction company’s stock worth $40,775,000 after acquiring an additional 29,179 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America lifted their price objective on D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a report on Monday, July 22nd. UBS Group boosted their target price 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. 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. Royal Bank of Canada lifted 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 note on Friday, July 19th. Finally, JMP Securities upped their target price on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Stock Up 1.0 %

Shares of NYSE DHI opened at $188.76 on Friday. The company has a 50 day simple moving average of $165.85 and a 200 day simple moving average of $154.78. 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 1 year low of $100.08 and a 1 year high of $193.63. The firm has a market cap of $62.16 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.90 earnings per share. On average, research analysts forecast that D.R. Horton, Inc. will post 14.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton announced that its Board of Directors has approved 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 reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors 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.