Peak Financial Advisors LLC Buys 654 Shares of D.R. Horton, Inc. (NYSE:DHI)

Peak Financial Advisors LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,382 shares of the construction company’s stock after purchasing an additional 654 shares during the quarter. D.R. Horton accounts for 1.6% of Peak Financial Advisors LLC’s portfolio, making the stock its 27th largest position. Peak Financial Advisors LLC’s holdings in D.R. Horton were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DHI. Voss Capital LLC bought a new position in shares of D.R. Horton in the 4th quarter worth approximately $7,599,000. Handelsbanken Fonder AB increased its holdings in shares of D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after buying an additional 16,573 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of D.R. Horton during the first quarter valued at approximately $1,249,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of D.R. Horton by 12.5% in 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 buying an additional 7,600 shares during the period. Finally, Vinva Investment Management Ltd lifted its stake in shares of D.R. Horton by 59.3% during the 4th quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after purchasing an additional 30,186 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI stock traded up $0.24 during midday trading on Friday, hitting $172.97. 2,833,885 shares of the stock traded hands, compared to its average volume of 2,586,080. The stock’s fifty day simple moving average is $153.83 and its 200-day simple moving average is $150.78. The firm has a market cap of $56.96 billion, a P/E ratio of 11.77, a PEG 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 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 quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share 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 analysts’ expectations 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.90 earnings per share. On average, analysts expect that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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

D.R. Horton declared that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on DHI. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. BTIG Research decreased their price objective on shares of 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. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $175.60.

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.