D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Capital International Inc. CA

Capital International Inc. CA trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,897 shares of the construction company’s stock after selling 410 shares during the quarter. Capital International Inc. CA’s holdings in D.R. Horton were worth $16,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Vanguard Group Inc. boosted its holdings in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after acquiring an additional 2,474,262 shares during the period. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $516,530,000. Franklin Resources Inc. boosted its holdings in shares of D.R. Horton by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock valued at $356,454,000 after acquiring an additional 260,864 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of D.R. Horton by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock valued at $292,019,000 after acquiring an additional 32,700 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings 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 valued at $207,864,000 after acquiring an additional 525,705 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DHI shares. Wedbush reissued an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. JMP Securities increased their price objective on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. Royal Bank of Canada increased their price objective on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Jefferies Financial Group increased their price target on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their price target on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $175.60.

D.R. Horton Price Performance

NYSE:DHI traded up $4.29 during trading hours on Friday, hitting $176.99. The company’s stock had a trading volume of 3,353,359 shares, compared to its average volume of 2,584,058. The business’s 50-day moving average is $147.75 and its two-hundred day moving average is $149.21. The company has a market capitalization of $57.71 billion, a PE ratio of 12.05, a PEG ratio of 0.77 and a beta of 1.71. 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 $180.15.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion during 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%. D.R. Horton’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.90 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.44 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

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.