Retirement Guys Formula LLC Sells 188 Shares of D.R. Horton, Inc. (NYSE:DHI)

Retirement Guys Formula LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,941 shares of the construction company’s stock after selling 188 shares during the quarter. Retirement Guys Formula LLC’s holdings in D.R. Horton were worth $1,706,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. RiverPark Advisors LLC bought a new stake in D.R. Horton during the 1st quarter valued at about $29,000. Bfsg LLC increased its stake in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares in the last quarter. Riverview Trust Co bought a new stake in shares of D.R. Horton in the first quarter worth approximately $30,000. Wolff Wiese Magana LLC grew its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the period. Finally, Grove Bank & Trust grew its stake in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Evercore ISI raised their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Bank of America raised their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. JMP Securities raised their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.67.

D.R. Horton Price Performance

NYSE:DHI traded down $6.43 during trading hours on Monday, hitting $188.13. 912,685 shares of the stock traded hands, compared to its average volume of 2,429,669. 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 1 year low of $100.08 and a 1 year high of $199.85. The company has a market cap of $61.95 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The stock has a 50 day moving average price of $187.21 and a 200 day moving average price of $163.88.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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 firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.90 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its board has initiated a stock repurchase 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 buy up to 6.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.