EverSource Wealth Advisors LLC Has $6.41 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

EverSource Wealth Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,977 shares of the construction company’s stock after selling 2,411 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in D.R. Horton were worth $6,414,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton during the fourth quarter worth $516,530,000. Franklin Resources Inc. raised its stake in D.R. Horton by 12.5% during the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after acquiring an additional 260,864 shares in the last quarter. Earnest Partners LLC raised its stake in D.R. Horton by 10.6% during the first quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock worth $338,152,000 after acquiring an additional 196,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in D.R. Horton by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock worth $292,019,000 after acquiring an additional 32,700 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI traded down $1.43 during midday trading on Friday, hitting $177.62. The company had a trading volume of 3,179,679 shares, compared to its average volume of 3,294,546. The company has a market capitalization of $57.88 billion, a PE ratio of 12.09, a P/E/G ratio of 0.83 and a beta of 1.71. 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 firm has a 50-day moving average price of $151.03 and a 200-day moving average price of $150.09. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $185.43.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the firm earned $3.90 EPS. D.R. Horton’s revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 14.04 earnings per share for the current fiscal year.

D.R. Horton announced that its Board of Directors has approved a stock repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. D.R. Horton’s payout ratio is presently 8.17%.

Analysts Set New Price Targets

DHI has been the topic of several research analyst reports. Wedbush restated an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Barclays raised their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. UBS Group raised their price target on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, JMP Securities raised their price target on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.