Aperio Group LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,547 shares of the construction company’s stock after buying an additional 18,635 shares during the period. Aperio Group LLC’s holdings in D.R. Horton were worth $5,274,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in DHI. Shufro Rose & Co. LLC raised its stake in shares of D.R. Horton by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock worth $379,000 after buying an additional 33 shares during the period. BKD Wealth Advisors LLC raised its stake in shares of D.R. Horton by 0.3% in the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock worth $394,000 after buying an additional 39 shares during the period. Conning Inc. raised its stake in shares of D.R. Horton by 0.7% in the first quarter. Conning Inc. now owns 7,482 shares of the construction company’s stock worth $249,000 after buying an additional 50 shares during the period. Cleararc Capital Inc. raised its stake in shares of D.R. Horton by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock worth $276,000 after buying an additional 59 shares during the period. Finally, Charter Trust Co. raised its stake in shares of D.R. Horton by 0.7% in the first quarter. Charter Trust Co. now owns 11,148 shares of the construction company’s stock worth $371,000 after buying an additional 75 shares during the period. 82.72% of the stock is owned by institutional investors and hedge funds.
Shares of D.R. Horton, Inc. (NYSE:DHI) traded down 0.683% during mid-day trading on Monday, reaching $35.605. The company had a trading volume of 688,695 shares. The company has a market capitalization of $13.32 billion, a PE ratio of 13.340 and a beta of 1.25. D.R. Horton, Inc. has a 1-year low of $26.69 and a 1-year high of $37.44. The stock’s 50-day moving average price is $35.15 and its 200 day moving average price is $32.91.
D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post $2.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.04%.
D.R. Horton declared that its board has authorized a share buyback program on Wednesday, July 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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A number of research analysts have recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a $36.00 target price (up from $34.00) on shares of D.R. Horton in a research report on Thursday. Mizuho assumed coverage on D.R. Horton in a research report on Tuesday, May 16th. They set a “neutral” rating and a $32.00 target price for the company. Royal Bank Of Canada increased their target price on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Wells Fargo & Company reiterated an “outperform” rating and set a $41.00 target price (up from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. upgraded D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research report on Friday, June 30th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.59.
In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total transaction of $60,025.98. Following the transaction, the director now owns 7,316 shares of the company’s stock, valued at $263,595.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.20% of the company’s stock.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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