Blue Fin Capital Inc. Boosts Position in D.R. Horton, Inc. (NYSE:DHI)

Blue Fin Capital Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI) by 8.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,716 shares of the construction company’s stock after purchasing an additional 879 shares during the period. Blue Fin Capital Inc.’s holdings in D.R. Horton were worth $1,651,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Vanguard Group Inc. increased its holdings 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 valued at $5,735,620,000 after acquiring an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of D.R. Horton by 2.3% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after purchasing an additional 81,900 shares in the last quarter. Norges Bank acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $516,530,000. Franklin Resources Inc. lifted its stake in D.R. Horton by 12.5% in the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock valued at $356,454,000 after buying an additional 260,864 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in D.R. Horton by 10.6% during the 1st quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock valued at $338,152,000 after buying an additional 196,748 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $188.76 on Friday. The company has a market cap of $61.51 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $165.85 and a two-hundred day moving average price of $154.78. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $193.63.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the business earned $3.90 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

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

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JMP Securities boosted their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Royal Bank of Canada upped their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Bank of America raised their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, UBS Group boosted their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $182.07.

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.