D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 66.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,723 shares of the construction company’s stock after acquiring an additional 1,492 shares during the period. CreativeOne Wealth LLC’s holdings in D.R. Horton were worth $613,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DHI. Norges Bank acquired a new position in D.R. Horton in the 4th quarter valued at about $516,530,000. Vanguard Group Inc. increased its position in D.R. Horton by 7.6% during the 1st 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in D.R. Horton by 62.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after purchasing an additional 525,705 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in D.R. Horton by 295.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock worth $89,678,000 after purchasing an additional 407,076 shares during the period. Finally, Panagora Asset Management Inc. increased its position in D.R. Horton by 1,719.1% during the 4th quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock worth $65,267,000 after purchasing an additional 405,838 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 2.6 %

DHI traded up $4.50 during trading hours on Friday, reaching $177.20. 1,828,609 shares of the stock traded hands, compared to its average volume of 2,573,396. The firm’s fifty day simple moving average is $147.24 and its two-hundred day simple moving average is $149.04. The company has a market cap of $57.77 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.77 and a beta of 1.71. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $180.15. 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 released its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $3.90 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 14.44 earnings per share for the current fiscal year.

D.R. Horton declared that its board has initiated 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 stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.74% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on DHI shares. UBS Group boosted their target price on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. 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. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Evercore ISI upped their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada upped their price target on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.60.

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.