D.R. Horton, Inc. (NYSE:DHI) Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,047 shares of the construction company’s stock after buying an additional 399 shares during the period. NorthCrest Asset Manangement LLC’s holdings in D.R. Horton were worth $1,698,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Voss Capital LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $7,599,000. Handelsbanken Fonder AB grew its stake in D.R. Horton by 20.5% during the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after buying an additional 16,573 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in D.R. Horton in the first quarter worth $1,249,000. Vinva Investment Management Ltd grew its position 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 worth $12,537,000 after purchasing an additional 30,186 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in 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 buying an additional 16,252 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several research analyst reports. Wedbush reissued an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Bank of America raised 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 note on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, BTIG Research lowered their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $175.60.

D.R. Horton Stock Down 0.1 %

Shares of DHI stock traded down $0.25 during trading on Wednesday, hitting $174.79. 333,650 shares of the company were exchanged, compared to its average volume of 2,563,315. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm has a market capitalization of $57.56 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.83 and a beta of 1.71. The business’s 50-day simple moving average is $154.96 and its 200 day simple moving average is $151.32. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $185.43.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $3.90 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 14.04 EPS for the current fiscal year.

D.R. Horton declared that its board has approved a share buyback plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s payout ratio is presently 8.17%.

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.