Sentry Investment Management LLC Sells 289 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sentry Investment Management LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,413 shares of the construction company’s stock after selling 289 shares during the quarter. Sentry Investment Management LLC’s holdings in D.R. Horton were worth $199,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter valued at $1,249,000. Vinva Investment Management Ltd increased its stake in shares of D.R. Horton by 59.3% in the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock valued at $12,537,000 after buying an additional 30,186 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of D.R. Horton by 85.9% in the first 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 last quarter. Alaska Permanent Fund Corp grew its holdings in D.R. Horton by 312.0% during the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock worth $1,934,000 after acquiring an additional 8,902 shares during the last quarter. Finally, 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 worth $4,978,000 after acquiring an additional 6,429 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $185.16 on Thursday. The firm’s 50 day simple moving average is $173.30 and its 200 day simple moving average is $157.21. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $193.63. The company has a market capitalization of $60.98 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping 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 analysts’ expectations of $9.61 billion. During the same period last year, the firm posted $3.90 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has initiated a stock buyback plan 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 plans are generally a sign that the company’s board believes its shares are undervalued.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders 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 dividend yield of 0.65%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DHI shares. Wells Fargo & Company upped their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. increased their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Finally, JMP Securities lifted their price objective on 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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.