OLD National Bancorp IN Has $696,000 Position in D.R. Horton, Inc. (NYSE:DHI)

OLD National Bancorp IN decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 25.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,936 shares of the construction company’s stock after selling 1,667 shares during the period. OLD National Bancorp IN’s holdings in D.R. Horton were worth $696,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings 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 buying an additional 131,616 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in D.R. Horton by 12.5% during the 4th 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 during the period. Bleakley Financial Group LLC increased its stake in shares of D.R. Horton by 2.1% in the 4th quarter. Bleakley Financial Group LLC now owns 7,419 shares of the construction company’s stock valued at $1,128,000 after acquiring an additional 153 shares in the last quarter. Valley National Advisers Inc. increased its position in D.R. Horton by 955.0% in the 4th quarter. Valley National Advisers Inc. now owns 422 shares of the construction company’s stock valued at $64,000 after buying an additional 382 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in D.R. Horton during the 4th quarter valued at $73,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of analyst reports. JMP Securities boosted their price objective on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. 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. Bank of America boosted their price objective on shares of D.R. Horton from $168.00 to $196.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. 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’s stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $175.60.

D.R. Horton Stock Up 0.1 %

NYSE:DHI traded up $0.24 during mid-day trading on Friday, reaching $172.97. The stock had a trading volume of 2,833,870 shares, compared to its average volume of 2,586,080. The company has a market capitalization of $56.96 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $185.43. The stock’s 50 day simple moving average is $153.83 and its two-hundred day simple moving average is $150.73. 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 announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.90 EPS. Equities analysts anticipate 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 stock buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows 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 board believes its stock is undervalued.

D.R. Horton Dividend Announcement

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

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.