Callahan Advisors LLC Has $6.68 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Callahan Advisors LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,997 shares of the construction company’s stock after selling 3,937 shares during the quarter. Callahan Advisors LLC’s holdings in D.R. Horton were worth $6,676,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. increased its stake in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of D.R. Horton by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. increased 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 acquiring an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. increased its stake in shares of D.R. Horton by 0.7% in 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 last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 1.5 %

DHI stock opened at $173.25 on Wednesday. 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 52-week low of $116.22 and a 52-week high of $199.85. The company has a 50-day moving average of $185.82 and a two-hundred day moving average of $165.98. The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74.

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

D.R. Horton announced that its board has authorized a stock buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

D.R. Horton Increases Dividend

The business also recently announced 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 dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is presently 8.36%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DHI shares. Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. UBS Group lowered their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.87.

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.