D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,081 shares of the construction company’s stock after selling 2,469 shares during the quarter. Savant Capital LLC’s holdings in D.R. Horton were worth $1,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in shares of D.R. Horton during the fourth quarter valued at about $813,000. Versor Investments LP increased its stake in D.R. Horton by 9.3% during the 4th quarter. Versor Investments LP now owns 2,500 shares of the construction company’s stock valued at $380,000 after buying an additional 213 shares during the period. Ieq Capital LLC lifted its stake in shares of D.R. Horton by 1.9% in the 4th quarter. Ieq Capital LLC now owns 5,249 shares of the construction company’s stock worth $798,000 after acquiring an additional 97 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of D.R. Horton by 11.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,476 shares of the construction company’s stock valued at $528,000 after acquiring an additional 357 shares in the last quarter. Finally, First United Bank & Trust bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $104,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DHI. Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. UBS Group upped their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Bank of America boosted their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. Two 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.07.

D.R. Horton Price Performance

D.R. Horton stock opened at $187.52 on Tuesday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $61.10 billion, a P/E ratio of 12.77, a PEG ratio of 0.86 and a beta of 1.73. The business has a 50-day moving average of $171.27 and a 200-day moving average of $156.72. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $193.63.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate 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 revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.90 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Dividend Announcement

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. 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 is currently 8.17%.

D.R. Horton declared that its Board of Directors has approved a stock buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

D.R. Horton 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.