D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 12.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,186 shares of the construction company’s stock after buying an additional 133 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in D.R. Horton were worth $167,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DHI. Norges Bank acquired a new position in D.R. Horton during the 4th quarter worth about $516,530,000. Vanguard Group Inc. increased 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 worth $5,735,620,000 after purchasing an additional 2,474,262 shares during the period. Long Pond Capital LP increased its holdings 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 period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI traded down $3.82 on Monday, reaching $173.80. 2,919,053 shares of the stock traded hands, compared to its average volume of 2,584,295. The company has a market cap of $57.23 billion, a price-to-earnings ratio of 11.83, a P/E/G 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’s fifty day simple moving average is $151.03 and its 200 day simple moving average is $150.06. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $185.43.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates 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 revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $3.90 EPS. As a group, research analysts predict that D.R. Horton, Inc. will post 14.04 EPS for the current fiscal year.

D.R. Horton announced that its board has initiated a share buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed 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. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. BTIG Research cut 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. Wedbush reiterated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. JPMorgan Chase & Co. increased their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.60.

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.