Friedenthal Financial Invests $801,000 in D.R. Horton, Inc. (NYSE:DHI)

Friedenthal Financial purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,201 shares of the construction company’s stock, valued at approximately $801,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Premier Path Wealth Partners LLC raised its holdings in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after purchasing an additional 59 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the period. Whittier Trust Co. boosted its stake in shares of D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares during the last quarter. Values First Advisors Inc. grew its holdings in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after acquiring an additional 66 shares during the period. Finally, Studio Investment Management LLC raised its position in D.R. Horton by 0.3% during the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock valued at $3,350,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $194.56 on Friday. The company has a fifty day simple moving average of $187.21 and a two-hundred day simple moving average of $163.78. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85. The company has a market cap of $64.07 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

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. 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 during the quarter, compared to analysts’ expectations of $9.61 billion. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.90 EPS. As a group, 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 has approved a stock repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DHI. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Barclays increased their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Evercore ISI increased their price target on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday. Finally, JMP Securities boosted 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 research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.67.

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.