Graypoint LLC Buys 400 Shares of D.R. Horton, Inc. (NYSE:DHI)

Graypoint LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,843 shares of the construction company’s stock after acquiring an additional 400 shares during the period. Graypoint LLC’s holdings in D.R. Horton were worth $733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after purchasing an additional 2,474,262 shares during the period. Greenhaven Associates Inc. increased its stake in D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after acquiring an additional 81,900 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after acquiring an additional 9,137 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after acquiring an additional 561,337 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of D.R. Horton by 6.0% during the third quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock worth $211,507,000 after purchasing an additional 62,971 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research reports. Royal Bank of Canada cut their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. JMP Securities increased their price objective on 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. Finally, Citigroup cut their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Up 0.8 %

NYSE DHI opened at $168.11 on Friday. The business’s 50-day moving average is $185.40 and its 200 day moving average is $165.98. The stock has a market capitalization of $54.78 billion, a PE ratio of 11.71, a PEG ratio of 0.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1 year low of $120.10 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $4.45 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 15.64 earnings per share for the current year.

D.R. Horton announced that its board has authorized a share buyback program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 8.36%.

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.