Windward Capital Management Co. CA Lowers Position in D.R. Horton, Inc. (NYSE:DHI)

Windward Capital Management Co. CA decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,171 shares of the construction company’s stock after selling 4,290 shares during the quarter. D.R. Horton makes up 2.3% of Windward Capital Management Co. CA’s portfolio, making the stock its 12th biggest holding. Windward Capital Management Co. CA’s holdings in D.R. Horton were worth $27,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in D.R. Horton in the 1st quarter worth approximately $27,000. RiverPark Advisors LLC purchased a new position in shares of D.R. Horton in the first quarter worth $29,000. Bfsg LLC boosted its position 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 acquiring an additional 74 shares during the last quarter. Riverview Trust Co purchased a new position in D.R. Horton during the first quarter valued at $30,000. Finally, Signature Resources Capital Management LLC bought a new stake in D.R. Horton in the 2nd quarter valued at $31,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DHI. Royal Bank of Canada raised their price objective on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Barclays lifted 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. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Evercore ISI boosted their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, JMP Securities lifted their price objective on shares of 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. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $182.07.

D.R. Horton Trading Up 1.3 %

DHI opened at $186.14 on Friday. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $193.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The stock has a market cap of $61.30 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.87 and a beta of 1.73. The stock’s 50 day moving average price is $170.26 and its 200-day moving average price is $156.34.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate 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 company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the company posted $3.90 EPS. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. D.R. Horton’s payout ratio is 8.17%.

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

About D.R. Horton

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.