Foster & Motley Inc. Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Foster & Motley Inc. lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,695 shares of the construction company’s stock after selling 3,106 shares during the quarter. Foster & Motley Inc.’s holdings in D.R. Horton were worth $9,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DHI. Bfsg LLC increased its holdings in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the last quarter. Rise Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DHI shares. UBS Group lifted their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada boosted their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Finally, JMP Securities boosted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Stock Down 0.3 %

Shares of DHI stock traded down $0.61 on Thursday, reaching $183.58. 109,589 shares of the stock were exchanged, compared to its average volume of 2,504,294. 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 business’s 50 day moving average price is $168.51 and its 200 day moving average price is $155.74. The company has a market capitalization of $60.46 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.87 and a beta of 1.71. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve 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 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the firm posted $3.90 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

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.