Banque Cantonale Vaudoise Purchases New Position in D.R. Horton, Inc. (NYSE:DHI)

Banque Cantonale Vaudoise acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,803 shares of the construction company’s stock, valued at approximately $254,000.

Several other hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new position in D.R. Horton during the 1st quarter worth approximately $1,249,000. Vinva Investment Management Ltd grew its position in shares of D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after acquiring an additional 30,186 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of D.R. Horton by 85.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock valued at $5,787,000 after acquiring an additional 16,252 shares during the period. Alaska Permanent Fund Corp raised its position in D.R. Horton by 312.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after purchasing an additional 8,902 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in D.R. Horton by 24.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock worth $4,978,000 after purchasing an additional 6,429 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.0 %

Shares of DHI stock opened at $188.76 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $193.63. The stock has a market cap of $62.16 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.87 and a beta of 1.71. The business has a fifty day simple moving average of $166.75 and a 200-day simple moving average of $155.24. 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 (NYSE:DHI) last posted its earnings results 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 the consensus estimate of $9.61 billion. During the same period last year, the firm posted $3.90 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts forecast 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 authorized a share buyback program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on DHI shares. Evercore ISI increased their price objective on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Barclays upped their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. UBS Group boosted 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. Finally, JMP Securities increased their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.