Howard Capital Management Inc. Makes New $355,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Howard Capital Management Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,519 shares of the construction company’s stock, valued at approximately $355,000.

A number of other hedge funds have also modified their holdings of the stock. Bfsg LLC increased its holdings in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC acquired a new position in D.R. Horton in the first quarter worth $27,000. RiverPark Advisors LLC bought a new stake in shares of D.R. Horton during the first quarter worth $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter valued at $30,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of D.R. Horton in the second quarter valued at about $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Evercore ISI increased their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. UBS Group upped 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. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Bank of America lifted their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Stock Up 1.3 %

D.R. Horton stock opened at $186.19 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The company’s 50-day moving average is $170.26 and its 200-day moving average is $156.25. The firm has a market capitalization of $61.31 billion, a PE ratio of 12.67, a P/E/G ratio of 0.87 and a beta of 1.73. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $193.63.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the prior year, the company earned $3.90 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate 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. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. D.R. Horton’s dividend payout ratio is currently 8.17%.

D.R. Horton announced that its board has initiated a share repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board 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.