D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. raised its position in D.R. Horton, Inc. (NYSE:DHI) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,693 shares of the construction company’s stock after purchasing an additional 63 shares during the quarter. Whittier Trust Co.’s holdings in D.R. Horton were worth $520,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in D.R. Horton in the fourth quarter worth approximately $516,530,000. Vanguard Group Inc. boosted its holdings in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after acquiring an additional 2,474,262 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after purchasing an additional 987,834 shares during the period. Long Pond Capital LP boosted its position in D.R. Horton by 438.6% in the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock valued at $108,564,000 after buying an additional 537,276 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in D.R. Horton by 62.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after buying an additional 525,705 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on DHI shares. Wells Fargo & Company increased their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday. Barclays lifted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods upped their target price 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. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada increased their price objective 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Stock Performance

Shares of DHI traded up $0.63 during mid-day trading on Thursday, reaching $188.20. 349,797 shares of the company’s stock were exchanged, compared to its average volume of 2,529,287. The business’s fifty day simple moving average is $164.01 and its 200-day simple moving average is $154.27. The stock has a market capitalization of $61.98 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $193.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the business posted $3.90 earnings per share. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed 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 0.64%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton declared that its Board of Directors has initiated a share 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 usually an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton 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.