D.R. Horton, Inc. (NYSE:DHI) Position Increased by First Hawaiian Bank

First Hawaiian Bank increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,210 shares of the construction company’s stock after purchasing an additional 175 shares during the period. First Hawaiian Bank’s holdings in D.R. Horton were worth $2,284,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new position in shares of D.R. Horton during the 1st quarter valued at $30,000. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the 4th quarter valued at $38,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $42,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DHI. Citigroup cut 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 research report on Tuesday, July 2nd. Bank of America raised their price objective on D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada raised their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Jefferies Financial Group raised their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Two 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $175.60.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $3.89 during trading on Monday, reaching $173.73. The company’s stock had a trading volume of 2,868,026 shares, compared to its average volume of 2,584,295. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The business’s fifty day moving average price is $151.03 and its 200-day moving average price is $150.06. The firm has a market cap of $57.21 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $185.43.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the company posted $3.90 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

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