Earnest Partners LLC Has $290.90 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Earnest Partners LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,064,149 shares of the construction company’s stock after acquiring an additional 9,137 shares during the quarter. D.R. Horton comprises 1.4% of Earnest Partners LLC’s holdings, making the stock its 10th largest holding. Earnest Partners LLC owned 0.63% of D.R. Horton worth $290,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Premier Path Wealth Partners LLC grew its holdings in D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after buying an additional 59 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after buying an additional 60 shares in the last quarter. Whittier Trust Co. grew its holdings in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares in the last quarter. Values First Advisors Inc. grew its holdings in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after buying an additional 66 shares in the last quarter. Finally, Studio Investment Management LLC grew its holdings in D.R. Horton by 0.3% during the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock worth $3,350,000 after buying an additional 70 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. 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 report on Friday, July 19th. UBS Group boosted their price objective on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada boosted their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Evercore ISI boosted 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. Finally, Bank of America boosted their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.33.

D.R. Horton Stock Performance

Shares of DHI opened at $187.21 on Thursday. The stock’s 50-day simple moving average is $182.13 and its 200 day simple moving average is $160.00. The stock has a market capitalization of $61.65 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.73. 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, Inc. has a 52-week low of $100.08 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.90 EPS. Research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

D.R. Horton declared that its Board of Directors has authorized a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are 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.