Quantbot Technologies LP Buys 29,354 Shares of D.R. Horton, Inc. (NYSE:DHI)

Quantbot Technologies LP increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 240.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,563 shares of the construction company’s stock after acquiring an additional 29,354 shares during the quarter. Quantbot Technologies LP’s holdings in D.R. Horton were worth $5,857,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. grew its position in shares of D.R. Horton by 11.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,476 shares of the construction company’s stock valued at $528,000 after purchasing an additional 357 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in D.R. Horton by 24.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock valued at $4,978,000 after buying an additional 6,429 shares in the last quarter. Level Four Advisory Services LLC increased its stake in D.R. Horton by 20.0% in the 4th quarter. Level Four Advisory Services LLC now owns 2,455 shares of the construction company’s stock worth $373,000 after acquiring an additional 409 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of D.R. Horton by 12.0% during the 4th quarter. Brown Advisory Inc. now owns 5,461 shares of the construction company’s stock worth $830,000 after acquiring an additional 587 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of D.R. Horton by 5.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 3,196 shares of the construction company’s stock valued at $486,000 after acquiring an additional 172 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 3.2 %

Shares of DHI opened at $194.80 on Monday. The firm has a fifty day moving average price of $175.54 and a 200-day moving average price of $157.94. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $64.15 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.86 and a beta of 1.73. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $195.00.

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 net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the previous year, the company earned $3.90 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton declared that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

DHI has been the topic of several research reports. JMP Securities boosted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Bank of America upped their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Royal Bank of Canada boosted their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Finally, UBS Group lifted their target price on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $182.07.

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.