D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Diversified Trust Co

Diversified Trust Co lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 40.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,574 shares of the construction company’s stock after selling 4,549 shares during the quarter. Diversified Trust Co’s holdings in D.R. Horton were worth $1,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $29,000. Bfsg LLC lifted its stake in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Riverview Trust Co acquired a new position in shares of D.R. Horton in the first quarter worth about $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton in the second quarter worth about $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DHI. UBS Group boosted their price target on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. JMP Securities boosted their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $183.33.

D.R. Horton Stock Up 0.2 %

NYSE:DHI opened at $185.48 on Wednesday. The firm has a market capitalization of $61.08 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72. The stock has a 50 day moving average of $184.96 and a 200-day moving average of $162.16. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.90 earnings per share. Analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

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

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 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.