Koshinski Asset Management Inc. Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Koshinski Asset Management Inc. boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,458 shares of the construction company’s stock after purchasing an additional 79 shares during the period. Koshinski Asset Management Inc.’s holdings in D.R. Horton were worth $1,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC raised its stake 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 buying an additional 74 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $182.82 on Monday. The firm has a market capitalization of $60.20 billion, a PE ratio of 12.45, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The business has a 50-day moving average of $185.36 and a two-hundred day moving average of $162.83.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the firm posted $3.90 earnings per share. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton announced that its Board of Directors has authorized a stock buyback program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually a sign 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 issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.66%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. 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. Barclays lifted their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, UBS Group upped their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.33.

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.