D.R. Horton, Inc. (NYSE:DHI) Stock Position Lifted by Bcwm LLC

Bcwm LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 53,206 shares of the construction company’s stock after purchasing an additional 1,543 shares during the period. D.R. Horton accounts for about 2.7% of Bcwm LLC’s holdings, making the stock its 15th biggest position. Bcwm LLC’s holdings in D.R. Horton were worth $7,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in D.R. Horton during the first quarter valued at $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter valued at about $29,000. Bfsg LLC grew its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares in the last quarter. Riverview Trust Co acquired a new position in D.R. Horton in the first quarter worth approximately $30,000. Finally, Signature Resources Capital Management LLC bought a new position in D.R. Horton during the second quarter valued at approximately $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DHI. UBS Group increased their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada increased their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Bank of America boosted their price target on D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JMP Securities increased their price objective on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. Finally, StockNews.com lowered 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 given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Price Performance

Shares of DHI stock opened at $194.80 on Monday. The stock’s fifty day moving average is $175.54 and its 200-day moving average is $157.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $195.00. The stock has a market capitalization of $64.15 billion, a PE ratio of 13.26, a PEG ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the company posted $3.90 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business 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. This represents a $1.20 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton announced that its board has approved a stock buyback plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

About D.R. Horton

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.