Burney Co. Has $708,000 Stake in D.R. Horton, Inc. (NYSE:DHI)

Burney Co. increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 16.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,024 shares of the construction company’s stock after purchasing an additional 694 shares during the period. Burney Co.’s holdings in D.R. Horton were worth $708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DHI. International Assets Investment Management LLC increased 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 in the last quarter. Choreo LLC bought a new position in D.R. Horton during the 4th quarter worth about $1,390,000. Brighton Jones LLC raised its stake in shares of D.R. Horton by 10.0% in the 4th quarter. Brighton Jones LLC now owns 2,051 shares of the construction company’s stock valued at $312,000 after purchasing an additional 186 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of D.R. Horton by 31.5% in the 4th quarter. Hexagon Capital Partners LLC now owns 663 shares of the construction company’s stock valued at $101,000 after purchasing an additional 159 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of D.R. Horton by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 268,295 shares of the construction company’s stock valued at $40,775,000 after purchasing an additional 29,179 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Evercore ISI boosted their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. UBS Group increased their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada lifted their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Two equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $182.07.

D.R. Horton Stock Performance

Shares of NYSE:DHI remained flat at $187.57 during trading on Thursday. The stock had a trading volume of 597,088 shares, compared to its average volume of 2,530,768. The company has a market cap of $61.77 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.83 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $193.63. The company’s 50 day moving average is $164.01 and its 200-day moving average is $154.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.90 EPS. On average, sell-side 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 was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton announced that its board has authorized a stock repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.