Cwm LLC Has $1.89 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Cwm LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,382 shares of the construction company’s stock after purchasing an additional 661 shares during the quarter. Cwm LLC’s holdings in D.R. Horton were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of D.R. Horton by 515.5% during the fourth quarter. International Assets Investment Management LLC now owns 157,147 shares of the construction company’s stock worth $23,883,000 after acquiring an additional 131,616 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of D.R. Horton by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock worth $10,371,000 after acquiring an additional 7,600 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of D.R. Horton by 2.1% during the fourth quarter. Bleakley Financial Group LLC now owns 7,419 shares of the construction company’s stock worth $1,128,000 after buying an additional 153 shares during the period. Valley National Advisers Inc. boosted its position in shares of D.R. Horton by 955.0% during the fourth quarter. Valley National Advisers Inc. now owns 422 shares of the construction company’s stock worth $64,000 after buying an additional 382 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DHI shares. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Wedbush reissued an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. BTIG Research reduced their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Evercore ISI upped their price objective on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group upped their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $175.60.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $1.67 during trading on Friday, hitting $174.40. 634,528 shares of the company were exchanged, compared to its average volume of 2,571,169. The company has a market cap of $57.43 billion, a PE ratio of 11.77, a P/E/G ratio of 0.83 and a beta of 1.71. The stock has a 50 day moving average of $153.33 and a 200 day moving average of $150.62. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $185.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter last year, the business posted $3.90 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.04 EPS for the current year.

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

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton Company 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.