CreativeOne Wealth LLC Acquires 1,492 Shares of D.R. Horton, Inc. (NYSE:DHI)

CreativeOne Wealth LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 66.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,723 shares of the construction company’s stock after buying an additional 1,492 shares during the quarter. CreativeOne Wealth LLC’s holdings in D.R. Horton were worth $613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in D.R. Horton by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after buying an additional 2,474,262 shares during the period. Norges Bank bought a new stake in shares of D.R. Horton in the 4th quarter worth about $516,530,000. Franklin Resources Inc. grew its holdings in shares of D.R. Horton by 12.5% in the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after purchasing an additional 260,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of D.R. Horton by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock worth $292,019,000 after purchasing an additional 32,700 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of D.R. Horton by 62.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after purchasing an additional 525,705 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. JMP Securities upped their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Wedbush reiterated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada upped their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $175.60.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Up 2.6 %

D.R. Horton stock traded up $4.50 during trading hours on Friday, reaching $177.20. 1,828,609 shares of the company’s stock traded hands, compared to its average volume of 2,573,396. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $180.15. The firm has a market capitalization of $57.77 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.77 and a beta of 1.71. The firm’s 50 day moving average is $147.24 and its 200-day moving average is $149.04.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the company posted $3.90 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post 14.44 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, August 1st will be given a $0.30 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.68%. D.R. Horton’s dividend payout ratio is 8.17%.

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

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.