JNBA Financial Advisors Has $38,000 Position in D.R. Horton, Inc. (NYSE:DHI)

JNBA Financial Advisors decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 58.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197 shares of the construction company’s stock after selling 275 shares during the quarter. JNBA Financial Advisors’ holdings in D.R. Horton were worth $38,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norden Group LLC bought a new position in D.R. Horton during the first quarter worth about $449,000. Manchester Capital Management LLC boosted its stake in D.R. Horton by 631.9% in the 1st quarter. Manchester Capital Management LLC now owns 849 shares of the construction company’s stock valued at $140,000 after buying an additional 733 shares in the last quarter. Advisory Services Network LLC grew its position in D.R. Horton by 35.2% in the first quarter. Advisory Services Network LLC now owns 24,725 shares of the construction company’s stock valued at $4,069,000 after acquiring an additional 6,435 shares during the period. Concord Investment Counsel Inc. acquired a new position in D.R. Horton during the first quarter worth $4,161,000. Finally, Empirical Finance LLC lifted its holdings in shares of D.R. Horton by 2.4% during the first quarter. Empirical Finance LLC now owns 15,799 shares of the construction company’s stock valued at $2,600,000 after acquiring an additional 363 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. UBS Group dropped their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Bank of America boosted their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.87.

D.R. Horton Price Performance

DHI opened at $166.70 on Thursday. The company has a fifty day moving average price of $185.40 and a two-hundred day moving average price of $165.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market capitalization of $54.32 billion, a PE ratio of 11.61, a P/E/G ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a 52 week low of $118.07 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.45 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 15.64 earnings per share for the current year.

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

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 8.36%.

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.