Sunbelt Securities Inc. Sells 549 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sunbelt Securities Inc. reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,263 shares of the construction company’s stock after selling 549 shares during the quarter. Sunbelt Securities Inc.’s holdings in D.R. Horton were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DHI. Vanguard Group Inc. lifted its holdings in shares of D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after acquiring an additional 2,474,262 shares during the period. Greenhaven Associates Inc. lifted its stake in D.R. Horton by 2.3% during the second 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 period. Earnest Partners LLC lifted its stake in D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after purchasing an additional 9,137 shares during the period. Principal Financial Group Inc. grew its stake in shares of D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after purchasing an additional 561,337 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of D.R. Horton by 62.4% in the 4th 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 buying an additional 525,705 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. 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 research report on Thursday, September 19th. Royal Bank of Canada raised their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Finally, UBS Group increased their price target 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Up 1.0 %

Shares of DHI stock opened at $192.71 on Wednesday. The firm has a fifty day moving average of $183.94 and a 200-day moving average of $161.30. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $199.85. The company has a market capitalization of $63.46 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.89 and a beta of 1.73. 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 issued its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the business earned $3.90 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton announced that its Board of Directors has initiated a share repurchase program 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 programs are often an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.62%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

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.