5,700 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by Pensionfund Sabic

Pensionfund Sabic purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,700 shares of the construction company’s stock, valued at approximately $1,087,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanibel Captiva Trust Company Inc. raised its position in shares of D.R. Horton by 17.9% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 6,350 shares of the construction company’s stock valued at $1,211,000 after buying an additional 965 shares during the last quarter. Wedmont Private Capital increased its holdings in D.R. Horton by 6.0% in the 3rd quarter. Wedmont Private Capital now owns 7,611 shares of the construction company’s stock valued at $1,409,000 after acquiring an additional 433 shares during the last quarter. Perkins Coie Trust Co lifted its stake in D.R. Horton by 1.1% in the 3rd quarter. Perkins Coie Trust Co now owns 17,135 shares of the construction company’s stock worth $3,269,000 after purchasing an additional 190 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of D.R. Horton by 13.4% during the 3rd quarter. Brookstone Capital Management now owns 14,935 shares of the construction company’s stock valued at $2,849,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Trust Co of Kansas bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $382,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DHI shares. Evercore ISI boosted their target price on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Bank of America upped their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada lifted 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 note on Friday, July 19th. Two 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $183.33.

D.R. Horton Trading Down 1.0 %

DHI opened at $183.40 on Friday. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.89 and a beta of 1.72. The stock’s 50 day moving average price is $185.17 and its 200-day moving average price is $162.49.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders 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 annualized dividend and a yield of 0.65%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton declared that its board has approved a stock repurchase program on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is 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.