Achmea Investment Management B.V. Has $14.14 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Achmea Investment Management B.V. boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,308 shares of the construction company’s stock after purchasing an additional 5,723 shares during the quarter. Achmea Investment Management B.V.’s holdings in D.R. Horton were worth $14,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Bfsg LLC lifted its holdings in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares during the period. Rise Advisors LLC bought a new stake in D.R. Horton during the first quarter worth $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton in the 1st quarter valued at $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the 1st quarter valued at $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth $31,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on DHI shares. JPMorgan Chase & Co. raised their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Barclays raised their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada upped their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, Evercore ISI upped their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $182.07.

D.R. Horton Trading Down 1.3 %

Shares of DHI stock opened at $185.16 on Thursday. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $193.63. 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 market cap of $60.98 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.86 and a beta of 1.73. The stock has a 50-day moving average of $173.30 and a 200-day moving average of $157.21.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.90 earnings per share. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton declared that its Board of Directors has initiated a stock buyback plan 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 plans are typically an indication that the company’s board believes its shares are undervalued.

D.R. Horton Company 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.