Plato Investment Management Ltd Has $1.83 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Plato Investment Management Ltd trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 19.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,952 shares of the construction company’s stock after selling 3,182 shares during the period. Plato Investment Management Ltd’s holdings in D.R. Horton were worth $1,825,000 at the end of the most recent reporting period.

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

D.R. Horton Stock Up 3.2 %

Shares of DHI opened at $194.80 on Monday. The company 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. The stock’s 50-day moving average price is $175.54 and its two-hundred day moving average price is $157.94. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $195.00.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion for 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 firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.90 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton announced that its Board of Directors has approved a share buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Wall Street Analyst Weigh In

Several research analysts have commented on DHI shares. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. JMP Securities lifted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. Evercore ISI increased their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada raised their target price 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. Finally, Barclays upped their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $182.07.

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.