Retirement Guys Formula LLC Sells 188 Shares of D.R. Horton, Inc. (NYSE:DHI)

Retirement Guys Formula LLC decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,941 shares of the construction company’s stock after selling 188 shares during the period. Retirement Guys Formula LLC’s holdings in D.R. Horton were worth $1,706,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new position in shares of D.R. Horton in the 1st quarter worth $29,000. Bfsg LLC boosted its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of D.R. Horton in the 1st quarter valued at $30,000. Wolff Wiese Magana LLC boosted its stake in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 3.3 %

Shares of NYSE:DHI traded down $6.43 on Monday, hitting $188.13. The company had a trading volume of 912,685 shares, compared to its average volume of 2,429,669. The firm’s 50-day simple moving average is $187.21 and its two-hundred day simple moving average is $163.88. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $61.95 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last issued its quarterly 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. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $3.90 EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research report on Tuesday, October 15th. Evercore ISI increased their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, JMP Securities increased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $185.67.

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.