D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,150 shares of the construction company’s stock after buying an additional 100 shares during the period. Mather Group LLC.’s holdings in D.R. Horton were worth $867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in D.R. Horton during the 1st quarter valued at approximately $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton during the first quarter worth $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the first quarter worth $30,000. Oakworth Capital Inc. purchased a new position in D.R. Horton in the 4th quarter valued at $38,000. Finally, Private Wealth Management Group LLC acquired a new position in D.R. Horton in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Jefferies Financial Group upped their target price on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Finally, UBS Group raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $175.60.

D.R. Horton Trading Down 0.0 %

NYSE:DHI traded down $0.05 on Wednesday, hitting $173.59. 685,659 shares of the stock were exchanged, compared to its average volume of 2,569,853. The stock has a fifty day moving average of $152.23 and a 200-day moving average of $150.34. The stock has a market cap of $57.17 billion, a PE ratio of 11.81, a PEG ratio of 0.83 and a beta of 1.71. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $185.43.

D.R. Horton (NYSE:DHI) last posted 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. The firm had revenue of $9.97 billion during 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%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, August 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

D.R. Horton announced that its board has authorized a share buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management 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.