Brighton Jones LLC Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Brighton Jones LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,227 shares of the construction company’s stock after buying an additional 111 shares during the quarter. Brighton Jones LLC’s holdings in D.R. Horton were worth $314,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of D.R. Horton by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in shares of D.R. Horton by 2.3% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after purchasing an additional 81,900 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of D.R. Horton by 10.6% during the 1st quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock worth $338,152,000 after purchasing an additional 196,748 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 51.2% in the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after acquiring an additional 561,337 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after acquiring an additional 525,705 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $191.89 on Monday. 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 twelve month low of $100.08 and a twelve month high of $199.85. The company has a market cap of $63.19 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. The business has a fifty day simple moving average of $180.71 and a 200 day simple moving average of $159.46.

D.R. Horton (NYSE:DHI) last issued its quarterly 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 return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the firm posted $3.90 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its Board of Directors has approved a share buyback plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to repurchase 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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 note on Tuesday, July 23rd. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Bank of America boosted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $183.33.

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.