Vaughan David Investments LLC IL Buys Shares of 1,404 D.R. Horton, Inc. (NYSE:DHI)

Vaughan David Investments LLC IL purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,404 shares of the construction company’s stock, valued at approximately $231,000.

A number of other large investors also recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in D.R. Horton in the 1st quarter worth approximately $27,000. RiverPark Advisors LLC bought a new position in shares of D.R. Horton in the first quarter worth $29,000. Riverview Trust Co purchased a new stake in shares of D.R. Horton in the first quarter worth $30,000. Oakworth Capital Inc. bought a new stake in D.R. Horton during the fourth quarter valued at $38,000. Finally, Private Wealth Management Group LLC purchased a new position in D.R. Horton during the fourth quarter worth about $42,000. 90.63% of the stock is currently owned by institutional investors.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Trading Down 3.1 %

DHI traded down $5.49 during trading on Wednesday, hitting $171.07. 3,085,219 shares of the stock traded hands, compared to its average volume of 2,576,790. The firm has a market capitalization of $56.34 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.71. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $178.71. 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 firm has a 50-day moving average of $146.80 and a 200 day moving average of $148.87.

D.R. Horton (NYSE:DHI) last posted 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. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period in the prior year, the business posted $3.90 earnings per share. D.R. Horton’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 14.43 EPS for the current year.

D.R. Horton announced that its board has authorized a stock buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DHI shares. Evercore ISI raised their price target on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada lifted their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Jefferies Financial Group lifted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.69.

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.