Argent Trust Co Has $4.53 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Argent Trust Co trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,119 shares of the construction company’s stock after selling 623 shares during the quarter. Argent Trust Co’s holdings in D.R. Horton were worth $4,527,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC raised its holdings in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of D.R. Horton during the 1st quarter valued at approximately $27,000. RiverPark Advisors LLC acquired a new position in D.R. Horton during the 1st quarter worth approximately $29,000. Riverview Trust Co bought a new position in D.R. Horton in the 1st quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new stake in D.R. Horton in the second quarter valued at approximately $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. JMP Securities upped their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Barclays lifted their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Finally, Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Trading Up 0.5 %

NYSE DHI opened at $195.48 on Wednesday. The stock has a market capitalization of $64.37 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.86 and a beta of 1.73. The business has a 50 day simple moving average of $177.90 and a 200 day simple moving average of $158.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $196.72.

D.R. Horton (NYSE:DHI) last posted 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. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.90 EPS. Research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has initiated a stock buyback 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 reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

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.