Securian Asset Management Inc. Sells 547 Shares of D.R. Horton, Inc. (NYSE:DHI)

Securian Asset Management Inc. lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,041 shares of the construction company’s stock after selling 547 shares during the quarter. Securian Asset Management Inc.’s holdings in D.R. Horton were worth $2,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DHI. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the first quarter worth $27,000. RiverPark Advisors LLC purchased a new position in D.R. Horton during the first quarter worth approximately $29,000. Riverview Trust Co acquired a new position in D.R. Horton during the first quarter worth $30,000. Oakworth Capital Inc. purchased a new position in shares of D.R. Horton during the 4th quarter worth $38,000. Finally, Private Wealth Management Group LLC acquired a new stake in D.R. Horton during the fourth quarter worth about $42,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $0.37 during trading on Monday, hitting $172.60. 925,182 shares of the company traded hands, compared to its average volume of 2,575,000. The stock has a market capitalization of $56.84 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.83 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $185.43. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $153.83 and its 200-day moving average is $150.86.

D.R. Horton (NYSE:DHI) last released 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 business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.90 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.04 earnings per share for the current fiscal year.

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 $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have commented on DHI. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. UBS Group raised their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays increased their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Evercore ISI upped their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Bank of America upped their price objective on shares of D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $175.60.

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.