MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Trims Position in D.R. Horton, Inc. (NYSE:DHI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 93.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 849 shares of the construction company’s stock after selling 12,360 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in D.R. Horton were worth $162,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Integrated Advisors Network LLC acquired a new stake in D.R. Horton in the 4th quarter worth about $265,000. Fisher Asset Management LLC increased its position in D.R. Horton by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 242,192 shares of the construction company’s stock worth $36,808,000 after purchasing an additional 956 shares during the last quarter. SageView Advisory Group LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $253,000. HighPoint Advisor Group LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $700,000. Finally, Nomura Holdings Inc. grew its stake in shares of D.R. Horton by 125.4% during the 4th quarter. Nomura Holdings Inc. now owns 6,086 shares of the construction company’s stock valued at $925,000 after buying an additional 30,068 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DHI shares. Royal Bank of Canada lifted their target price on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Evercore ISI increased their target price 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. Bank of America lifted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, UBS Group lifted their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $183.33.

D.R. Horton Stock Performance

D.R. Horton stock opened at $187.11 on Tuesday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $185.63 and a 200-day moving average of $162.99. The stock has a market cap of $61.62 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last announced 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. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period last year, the business earned $3.90 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

D.R. Horton announced that its Board of Directors has authorized a share 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 usually a sign that the company’s board believes its shares are undervalued.

About D.R. Horton

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.