D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Decreased by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.0% during the third quarter, Holdings Channel reports. The fund owned 52,321 shares of the construction company’s stock after selling 1,049 shares during the period. D.R. Horton comprises 2.1% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 9th largest position. Contravisory Investment Management Inc.’s holdings in D.R. Horton were worth $9,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Boston Common Asset Management LLC increased its position in shares of D.R. Horton by 651.1% during the third quarter. Boston Common Asset Management LLC now owns 49,323 shares of the construction company’s stock worth $9,409,000 after acquiring an additional 42,756 shares during the period. Brendel Financial Advisors LLC acquired a new position in shares of D.R. Horton during the third quarter worth $1,903,000. Quotient Wealth Partners LLC grew its stake in shares of D.R. Horton by 10.5% during the third quarter. Quotient Wealth Partners LLC now owns 1,691 shares of the construction company’s stock worth $323,000 after purchasing an additional 161 shares in the last quarter. Pensionfund Sabic acquired a new position in shares of D.R. Horton during the third quarter worth $1,087,000. Finally, Sanibel Captiva Trust Company Inc. grew its stake in shares of D.R. Horton by 17.9% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 6,350 shares of the construction company’s stock worth $1,211,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Barclays upped their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Two investment 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Down 1.0 %

Shares of NYSE DHI opened at $183.40 on Friday. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85. The firm’s 50 day moving average price is $185.17 and its 200 day moving average price is $162.49. The firm has a market cap of $59.76 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. 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 (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter last year, the business earned $3.90 earnings per share. D.R. Horton’s revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued 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 0.65%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.06%.

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