L & S Advisors Inc Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

L & S Advisors Inc boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,125 shares of the construction company’s stock after buying an additional 395 shares during the quarter. L & S Advisors Inc’s holdings in D.R. Horton were worth $2,413,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DHI. Vanguard Group Inc. raised its stake in D.R. Horton by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares during the last quarter. Greenhaven Associates Inc. grew its position in shares of D.R. Horton by 2.3% in the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after purchasing an additional 81,900 shares during the period. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter worth about $516,530,000. Franklin Resources Inc. boosted its holdings in 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 last quarter. Finally, Earnest Partners LLC boosted its holdings in D.R. Horton by 10.6% in the first quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock valued at $338,152,000 after acquiring an additional 196,748 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Evercore ISI upped 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. JPMorgan Chase & Co. boosted their price objective on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, 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 report on Friday, July 19th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $182.07.

D.R. Horton Trading Down 0.1 %

NYSE:DHI opened at $194.60 on Tuesday. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $196.72. 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 business has a 50 day simple moving average of $176.71 and a 200 day simple moving average of $158.26. The firm has a market capitalization of $64.08 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.86 and a beta of 1.73.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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

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.