JNBA Financial Advisors Has $38,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

JNBA Financial Advisors lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 58.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 197 shares of the construction company’s stock after selling 275 shares during the period. JNBA Financial Advisors’ holdings in D.R. Horton were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC bought a new stake in D.R. Horton in the 1st quarter valued at approximately $1,249,000. Legacy CG LLC bought a new stake in shares of D.R. Horton in the third quarter worth $4,220,000. Bessemer Group Inc. boosted its holdings in D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after purchasing an additional 7,699 shares during the last quarter. Canada Pension Plan Investment Board grew its position in D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock valued at $68,448,000 after purchasing an additional 199,668 shares in the last quarter. Finally, Concord Investment Counsel Inc. acquired a new stake in D.R. Horton in the 1st quarter valued at $4,161,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DHI. Bank of America increased their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. JMP Securities upped their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. BTIG Research cut their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.87.

D.R. Horton Stock Down 3.8 %

DHI opened at $166.70 on Thursday. The stock has a fifty day moving average of $185.40 and a 200-day moving average of $165.98. The company has a market capitalization of $54.32 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $118.07 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.45 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 15.64 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s payout ratio is 8.36%.

D.R. Horton declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors 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.