XTX Topco Ltd Makes New $1.74 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

XTX Topco Ltd purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,324 shares of the construction company’s stock, valued at approximately $1,737,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth $1,249,000. Vinva Investment Management Ltd grew its stake in shares of D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after purchasing an additional 30,186 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in D.R. Horton by 85.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock valued at $5,787,000 after purchasing an additional 16,252 shares during the last quarter. Alaska Permanent Fund Corp lifted its stake in D.R. Horton by 312.0% in the first quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after buying an additional 8,902 shares during the period. Finally, Stifel Financial Corp boosted its holdings in D.R. Horton by 18.1% during the fourth quarter. Stifel Financial Corp now owns 94,924 shares of the construction company’s stock worth $14,429,000 after buying an additional 14,573 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

DHI opened at $197.06 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The company has a market capitalization of $64.89 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.86 and a beta of 1.73. The business’s 50-day moving average price is $179.94 and its two-hundred day moving average price is $159.07. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the firm earned $3.90 EPS. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts expect 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 initiated a stock repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

D.R. Horton Dividend Announcement

The firm also recently announced 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. This represents a $1.20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

Analyst Ratings Changes

A number of analysts have recently commented on DHI shares. 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 note on Tuesday, July 23rd. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. JMP Securities lifted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. UBS Group boosted 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. Finally, Barclays raised 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $183.33.

D.R. Horton Company 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.