Werba Rubin Papier Wealth Management Purchases Shares of 1,172 D.R. Horton, Inc. (NYSE:DHI)

Werba Rubin Papier Wealth Management acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,172 shares of the construction company’s stock, valued at approximately $224,000.

Several other institutional investors also recently modified their holdings of the stock. DMC Group LLC grew its position in D.R. Horton by 13.6% in the third quarter. DMC Group LLC now owns 4,189 shares of the construction company’s stock worth $799,000 after acquiring an additional 500 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in D.R. Horton in the 3rd quarter worth approximately $206,000. Raymond James & Associates grew its position in D.R. Horton by 18.0% during the third quarter. Raymond James & Associates now owns 438,683 shares of the construction company’s stock valued at $83,687,000 after acquiring an additional 66,961 shares during the last quarter. Friedenthal Financial purchased a new position in D.R. Horton in the 3rd quarter worth $801,000. Finally, Blue Trust Inc. boosted its position in D.R. Horton by 68.8% during the third quarter. Blue Trust Inc. now owns 7,528 shares of the construction company’s stock valued at $1,436,000 after buying an additional 3,067 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Barclays raised their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.67.

D.R. Horton Price Performance

DHI stock opened at $194.56 on Friday. The firm has a 50-day moving average of $187.21 and a 200 day moving average of $163.84. 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 company has a market cap of $64.07 billion, a P/E ratio of 13.24, a PEG ratio of 0.78 and a beta of 1.72. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85.

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 analysts’ consensus estimates of $3.75 by $0.35. The company 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%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.90 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton announced that its Board of Directors has authorized a share buyback program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board 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.