Inspire Advisors LLC Acquires 2,060 Shares of D.R. Horton, Inc. (NYSE:DHI)

Inspire Advisors LLC grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 39.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,312 shares of the construction company’s stock after buying an additional 2,060 shares during the quarter. Inspire Advisors LLC’s holdings in D.R. Horton were worth $1,030,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DHI. Envestnet Asset Management Inc. increased its position in shares of D.R. Horton by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,016,705 shares of the construction company’s stock worth $143,284,000 after purchasing an additional 63,785 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in D.R. Horton by 49.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,410 shares of the construction company’s stock worth $3,581,000 after acquiring an additional 8,386 shares in the last quarter. Stolper Co lifted its stake in D.R. Horton by 2.7% in the second quarter. Stolper Co now owns 36,669 shares of the construction company’s stock valued at $5,168,000 after acquiring an additional 973 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of D.R. Horton by 6.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,151 shares of the construction company’s stock valued at $303,000 after acquiring an additional 135 shares during the period. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth about $295,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 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 report on Friday, July 19th. Wells Fargo & Company raised their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Finally, UBS Group boosted their price objective on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $182.07.

D.R. Horton Trading Up 3.2 %

DHI opened at $194.80 on Friday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $195.00. The stock has a market capitalization of $63.47 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a 50-day simple moving average of $175.54 and a 200 day simple moving average of $157.77.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the business earned $3.90 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. Analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a stock repurchase 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 generally a sign that the company’s management believes its stock is undervalued.

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.