Atlas Capital Advisors LLC Reduces Holdings in D.R. Horton, Inc. (NYSE:DHI)

Atlas Capital Advisors LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,706 shares of the construction company’s stock after selling 1,541 shares during the quarter. Atlas Capital Advisors LLC’s holdings in D.R. Horton were worth $945,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Premier Path Wealth Partners LLC grew its holdings in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after buying an additional 59 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares during the last quarter. Values First Advisors Inc. grew its holdings in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after buying an additional 66 shares during the last quarter. Everpar Advisors LLC grew its holdings in shares of D.R. Horton by 4.4% during the second quarter. Everpar Advisors LLC now owns 1,669 shares of the construction company’s stock worth $235,000 after buying an additional 71 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of D.R. Horton by 5.3% during the second quarter. First Horizon Advisors Inc. now owns 1,417 shares of the construction company’s stock worth $200,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DHI shares. JMP Securities raised their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods raised 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. Bank of America raised their price target on D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada raised 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 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. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Trading Up 1.0 %

Shares of D.R. Horton stock opened at $188.76 on Friday. 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, Inc. has a 1 year low of $100.08 and a 1 year high of $193.63. The company has a market capitalization of $62.16 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.83 and a beta of 1.71. The business has a 50 day moving average price of $165.85 and a 200 day moving average price of $154.78.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. The firm 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%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.90 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 14.04 EPS for the current fiscal year.

D.R. Horton announced that its Board of Directors has initiated a stock buyback plan 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 plans are often a sign that the company’s leadership believes its shares are undervalued.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. D.R. Horton’s dividend payout ratio is presently 8.17%.

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.