180 Wealth Advisors LLC Sells 971 Shares of D.R. Horton, Inc. (NYSE:DHI)

180 Wealth Advisors LLC cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 13.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,283 shares of the construction company’s stock after selling 971 shares during the period. 180 Wealth Advisors LLC’s holdings in D.R. Horton were worth $941,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DHI. Envestnet Portfolio Solutions Inc. grew its holdings in shares of D.R. Horton by 1.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,934 shares of the construction company’s stock valued at $2,668,000 after purchasing an additional 286 shares in the last quarter. ORG Partners LLC grew its stake in shares of D.R. Horton by 37,600.0% in the 2nd quarter. ORG Partners LLC now owns 377 shares of the construction company’s stock worth $52,000 after buying an additional 376 shares in the last quarter. DMC Group LLC grew its stake in shares of D.R. Horton by 20.5% in the 2nd quarter. DMC Group LLC now owns 3,689 shares of the construction company’s stock worth $520,000 after buying an additional 628 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of D.R. Horton by 70.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 6,079 shares of the construction company’s stock worth $857,000 after buying an additional 2,520 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in shares of D.R. Horton by 27.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,717 shares of the construction company’s stock valued at $2,356,000 after buying an additional 3,590 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.6 %

Shares of NYSE:DHI traded up $1.08 during trading on Thursday, reaching $175.29. 1,662,298 shares of the company were exchanged, compared to its average volume of 2,565,145. The business’s fifty day simple moving average is $155.52 and its 200-day simple moving average is $151.48. 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 12-month low of $100.08 and a 12-month high of $185.43. The firm has a market capitalization of $57.73 billion, a PE ratio of 11.86, a P/E/G ratio of 0.83 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping 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 company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the business posted $3.90 EPS. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.04 EPS for the current year.

D.R. Horton declared that its board has approved a share 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 buy up to 6.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analysts Set New Price Targets

Several brokerages have weighed in on DHI. Bank of America boosted 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. JMP Securities boosted their target price on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” 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. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada raised their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Two research 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. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $175.60.

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.