Raub Brock Capital Management LP Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Raub Brock Capital Management LP trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 118,102 shares of the construction company’s stock after selling 2,799 shares during the period. D.R. Horton makes up about 3.6% of Raub Brock Capital Management LP’s holdings, making the stock its 16th largest holding. Raub Brock Capital Management LP’s holdings in D.R. Horton were worth $16,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth approximately $1,249,000. Vinva Investment Management Ltd lifted its stake in D.R. Horton by 59.3% during the 4th quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after acquiring an additional 30,186 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in D.R. Horton by 85.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock worth $5,787,000 after acquiring an additional 16,252 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in D.R. Horton by 312.0% during the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after acquiring an additional 8,902 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in D.R. Horton by 24.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock valued at $4,978,000 after acquiring an additional 6,429 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DHI. Evercore ISI increased 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 report on Monday, July 15th. JPMorgan Chase & Co. raised 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. JMP Securities boosted 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 research note on Friday, July 19th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $182.07.

D.R. Horton Stock Performance

Shares of NYSE DHI traded up $2.42 during trading hours on Friday, reaching $186.14. The stock had a trading volume of 2,657,378 shares, compared to its average volume of 2,512,501. The firm has a market cap of $61.30 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.87 and a beta of 1.73. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $193.63. The firm has a 50-day moving average of $170.26 and a 200-day moving average of $156.34. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period last year, the firm posted $3.90 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.