D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 6.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,672 shares of the construction company’s stock after selling 236 shares during the period. Beverly Hills Private Wealth LLC’s holdings in D.R. Horton were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Concurrent Investment Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at $1,249,000. Vinva Investment Management Ltd lifted its holdings in D.R. Horton by 59.3% in the 4th quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock valued at $12,537,000 after acquiring an additional 30,186 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of D.R. Horton by 85.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock valued at $5,787,000 after purchasing an additional 16,252 shares in the last quarter. Alaska Permanent Fund Corp grew its stake in shares of D.R. Horton by 312.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock worth $1,934,000 after purchasing an additional 8,902 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of D.R. Horton by 24.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock worth $4,978,000 after purchasing an additional 6,429 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

DHI stock opened at $188.76 on Friday. The firm has a 50 day moving average of $174.36 and a two-hundred day moving average of $157.43. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $193.63. The company has a market capitalization of $62.16 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.86 and a beta of 1.73. 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 (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the prior year, the company posted $3.90 earnings per share. D.R. Horton’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its Board of Directors 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DHI. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. JPMorgan Chase & Co. raised their price objective on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI boosted their target price on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JMP Securities increased their price target on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Finally, Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.07.

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.