Boston Common Asset Management LLC Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Boston Common Asset Management LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 651.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,323 shares of the construction company’s stock after buying an additional 42,756 shares during the period. Boston Common Asset Management LLC’s holdings in D.R. Horton were worth $9,409,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DHI. Rise Advisors LLC bought a new position in D.R. Horton during the first quarter worth about $27,000. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $29,000. Bfsg LLC lifted its position 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 acquiring an additional 74 shares in the last quarter. Riverview Trust Co purchased a new position in shares of D.R. Horton in the first quarter valued at $30,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the second quarter valued at $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $183.40 on Friday. The business has a fifty day simple moving average of $185.17 and a two-hundred day simple moving average of $162.49. The firm has a market capitalization of $59.76 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.78 and a beta of 1.72. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The business 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 business’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, equities analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton announced that its board has initiated a stock repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were paid 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 yield of 0.65%. D.R. Horton’s dividend payout ratio is currently 8.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America raised their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada increased their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. UBS Group increased their price objective on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.33.

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.