AM Squared Ltd Purchases Shares of 300 D.R. Horton, Inc. (NYSE:DHI)

AM Squared Ltd purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 300 shares of the construction company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHI. Bfsg LLC raised its stake in shares of D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at about $27,000. RiverPark Advisors LLC bought a new position in shares of D.R. Horton during the first quarter valued at about $29,000. Riverview Trust Co purchased a new position in D.R. Horton during the first quarter worth about $30,000. Finally, Signature Resources Capital Management LLC purchased a new stake in D.R. Horton in the 2nd quarter valued at about $31,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DHI shares. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Evercore ISI boosted their target price on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Barclays raised 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. JPMorgan Chase & Co. boosted their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, JMP Securities raised 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 investment 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Trading Up 1.0 %

Shares of NYSE DHI traded up $1.91 during midday trading on Friday, reaching $188.76. The company had a trading volume of 1,659,619 shares, compared to its average volume of 2,199,301. The firm’s fifty day moving average price is $165.85 and its 200-day moving average price is $154.87. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $193.63. The stock has a market cap of $61.51 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the business earned $3.90 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid 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 payout ratio is presently 8.17%.

D.R. Horton announced that its Board of Directors has approved a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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.