Candriam S.C.A. Purchases 2,770 Shares of D.R. Horton, Inc. (NYSE:DHI)

Candriam S.C.A. lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.6% during the second quarter, Holdings Channel.com reports. The firm owned 20,520 shares of the construction company’s stock after purchasing an additional 2,770 shares during the period. Candriam S.C.A.’s holdings in D.R. Horton were worth $2,892,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Arizona State Retirement System raised its holdings in D.R. Horton by 0.6% during the second quarter. Arizona State Retirement System now owns 86,577 shares of the construction company’s stock worth $12,201,000 after buying an additional 524 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of D.R. Horton by 15.2% in the 2nd quarter. Victory Capital Management Inc. now owns 400,742 shares of the construction company’s stock worth $56,477,000 after acquiring an additional 52,995 shares during the last quarter. Waverton Investment Management Ltd lifted its position in D.R. Horton by 47.3% in the 2nd quarter. Waverton Investment Management Ltd now owns 180,434 shares of the construction company’s stock valued at $25,411,000 after acquiring an additional 57,967 shares in the last quarter. TD Asset Management Inc boosted its stake in D.R. Horton by 1.1% during the 2nd quarter. TD Asset Management Inc now owns 153,658 shares of the construction company’s stock valued at $21,655,000 after purchasing an additional 1,703 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in D.R. Horton by 7.0% during the 2nd quarter. Belpointe Asset Management LLC now owns 4,757 shares of the construction company’s stock worth $671,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.7 %

Shares of DHI opened at $187.52 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 firm has a market cap of $61.10 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.86 and a beta of 1.73. The firm has a 50 day moving average price of $171.27 and a 200-day moving average price of $156.72. 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 (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period last year, the company earned $3.90 EPS. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

D.R. Horton Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DHI shares. Bank of America raised their price objective 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. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Evercore ISI upped their target price on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. lifted their price target on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.