Howard Capital Management Inc. Makes New $355,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Howard Capital Management Inc. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,519 shares of the construction company’s stock, valued at approximately $355,000.

Several other large investors have also modified their holdings of DHI. Candriam S.C.A. increased its stake in D.R. Horton by 15.6% in the 2nd quarter. Candriam S.C.A. now owns 20,520 shares of the construction company’s stock worth $2,892,000 after purchasing an additional 2,770 shares in the last quarter. Arizona State Retirement System increased its position in shares of D.R. Horton by 0.6% in the second quarter. Arizona State Retirement System now owns 86,577 shares of the construction company’s stock worth $12,201,000 after acquiring an additional 524 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of D.R. Horton by 15.2% during the second quarter. Victory Capital Management Inc. now owns 400,742 shares of the construction company’s stock valued at $56,477,000 after acquiring an additional 52,995 shares during the period. Waverton Investment Management Ltd lifted its position in shares of D.R. Horton by 47.3% in the 2nd quarter. Waverton Investment Management Ltd now owns 180,434 shares of the construction company’s stock valued at $25,411,000 after acquiring an additional 57,967 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in D.R. Horton by 1.1% in the 2nd quarter. TD Asset Management Inc now owns 153,658 shares of the construction company’s stock worth $21,655,000 after purchasing an additional 1,703 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 1.3 %

Shares of DHI stock opened at $186.19 on Friday. The business’s 50 day moving average is $170.26 and its two-hundred day moving average is $156.25. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $193.63. The company has a market cap of $61.31 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.90 EPS. Equities analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton declared that its Board of Directors has approved a share buyback plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in 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 a sign that the company’s board 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. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. D.R. Horton’s payout ratio is 8.17%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DHI. Royal Bank of Canada boosted their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Evercore ISI upped their price target on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, 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 note on Friday, July 19th. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $182.07.

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.