Plancorp LLC Sells 209 Shares of D.R. Horton, Inc. (NYSE:DHI)

Plancorp LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,552 shares of the construction company’s stock after selling 209 shares during the quarter. Plancorp LLC’s holdings in D.R. Horton were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its holdings in D.R. Horton by 283.8% in the second quarter. Citizens Financial Group Inc. RI now owns 7,880 shares of the construction company’s stock worth $1,111,000 after purchasing an additional 5,827 shares during the last quarter. One Capital Management LLC lifted its holdings in shares of D.R. Horton by 5.9% during the 2nd quarter. One Capital Management LLC now owns 59,804 shares of the construction company’s stock valued at $8,428,000 after buying an additional 3,352 shares during the period. Quantbot Technologies LP boosted its stake in shares of D.R. Horton by 240.4% in the 2nd quarter. Quantbot Technologies LP now owns 41,563 shares of the construction company’s stock worth $5,857,000 after buying an additional 29,354 shares during the last quarter. Bcwm LLC grew its holdings in shares of D.R. Horton by 3.0% in the second quarter. Bcwm LLC now owns 53,206 shares of the construction company’s stock worth $7,498,000 after acquiring an additional 1,543 shares during the period. Finally, Lyell Wealth Management LP increased its position in D.R. Horton by 5.7% during the second quarter. Lyell Wealth Management LP now owns 106,717 shares of the construction company’s stock valued at $15,040,000 after acquiring an additional 5,740 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.5 %

Shares of DHI opened at $195.48 on Wednesday. The firm has a market cap of $64.37 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73. 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 1 year low of $100.08 and a 1 year high of $196.72. The company has a 50 day simple moving average of $177.90 and a two-hundred day simple moving average of $158.56.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the firm posted $3.90 EPS. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s payout ratio is presently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DHI. JMP Securities boosted their price target on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. boosted their price objective 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. Finally, Bank of America raised their target price on D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $182.07.

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.