D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC grew its stake in D.R. Horton, Inc. (NYSE:DHIFree Report) by 724.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,503 shares of the construction company’s stock after buying an additional 14,502 shares during the period. Van Hulzen Asset Management LLC’s holdings in D.R. Horton were worth $2,326,000 at the end of the most recent reporting period.

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

D.R. Horton Stock Performance

Shares of DHI opened at $187.52 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $193.63. The company has a 50-day simple moving average of $171.27 and a 200-day simple moving average of $156.72. The company has a market capitalization of $61.10 billion, a PE ratio of 12.77, a P/E/G ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHIGet Free Report) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $3.90 earnings per share. Equities research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton declared that its board has initiated a stock repurchase program on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note 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. UBS Group upped their price objective on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America lifted their target price on D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, JMP Securities upped their price target on 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $182.07.

Check Out Our Latest Analysis on DHI

D.R. Horton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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