Los Angeles Capital Management LLC Sells 206,614 Shares of D.R. Horton, Inc. (NYSE:DHI)

Los Angeles Capital Management LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 33.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 419,015 shares of the construction company's stock after selling 206,614 shares during the period. Los Angeles Capital Management LLC owned approximately 0.13% of D.R. Horton worth $59,052,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bfsg LLC raised its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at about $27,000. RiverPark Advisors LLC bought a new position in shares of D.R. Horton during the 1st quarter valued at about $29,000. Riverview Trust Co acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $31,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

D.R. Horton stock traded up $2.42 during trading hours on Friday, hitting $186.14. The stock had a trading volume of 2,657,378 shares, compared to its average volume of 2,512,501. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $193.63. The company has a market cap of $61.30 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.73. The company has a 50-day moving average of $170.26 and a two-hundred day moving average of $156.34. 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 (NYSE:DHI - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.90 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its Board of Directors has approved a stock buyback plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally 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 was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. D.R. Horton's dividend payout ratio is currently 8.17%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DHI. StockNews.com lowered shares of D.R. Horton from a "buy" rating to a "hold" rating in a research report on Thursday, May 23rd. 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. 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 research report on Monday, July 22nd. Keefe, Bruyette & Woods raised their price objective 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. Finally, Barclays upped their target price on D.R. Horton from $168.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, July 19th. Two 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's stock. According to MarketBeat, D.R. Horton 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.