Appleton Partners Inc. MA Sells 35,245 Shares of D.R. Horton, Inc. (NYSE:DHI)

Appleton Partners Inc. MA trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 95.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,655 shares of the construction company’s stock after selling 35,245 shares during the period. Appleton Partners Inc. MA’s holdings in D.R. Horton were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $516,530,000. Vanguard Group Inc. grew its stake in D.R. Horton by 7.6% in 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. Long Pond Capital LP boosted its stake in D.R. Horton by 438.6% during the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock worth $108,564,000 after purchasing an additional 537,276 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in D.R. Horton by 62.4% during 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 worth $207,864,000 after purchasing an additional 525,705 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in D.R. Horton by 295.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock worth $89,678,000 after purchasing an additional 407,076 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.74% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JMP Securities lifted their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. BTIG Research reduced their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Evercore ISI lifted their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, UBS Group lifted their price target on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $175.60.

D.R. Horton Trading Down 0.8 %

NYSE DHI traded down $1.43 during trading on Friday, hitting $177.62. The stock had a trading volume of 3,179,679 shares, compared to its average volume of 3,294,546. The company has a market capitalization of $57.88 billion, a PE ratio of 12.09, a PEG ratio of 0.83 and a beta of 1.71. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $151.03 and a 200 day moving average price of $150.07. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $185.43.

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, beating the consensus estimate of $3.75 by $0.35. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. D.R. Horton’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.90 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has approved a share buyback program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

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.