One Capital Management LLC Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

One Capital Management LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,804 shares of the construction company's stock after acquiring an additional 3,352 shares during the quarter. One Capital Management LLC's holdings in D.R. Horton were worth $8,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DHI. Avantax Advisory Services Inc. boosted its holdings in D.R. Horton by 11.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,476 shares of the construction company's stock valued at $528,000 after acquiring an additional 357 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of D.R. Horton by 24.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company's stock worth $4,978,000 after purchasing an additional 6,429 shares in the last quarter. Level Four Advisory Services LLC boosted its stake in shares of D.R. Horton by 20.0% in the fourth quarter. Level Four Advisory Services LLC now owns 2,455 shares of the construction company's stock valued at $373,000 after purchasing an additional 409 shares during the period. Brown Advisory Inc. grew its holdings in shares of D.R. Horton by 12.0% in the fourth quarter. Brown Advisory Inc. now owns 5,461 shares of the construction company's stock valued at $830,000 after purchasing an additional 587 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in D.R. Horton by 5.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 3,196 shares of the construction company's stock worth $486,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on DHI. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. Barclays boosted their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, July 19th. Citigroup lowered D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price target for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. JMP Securities boosted their price objective on D.R. Horton from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research report on Friday, July 19th. Finally, Bank of America raised their target price on shares of D.R. Horton from $168.00 to $196.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Two equities research 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 data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $182.07.

D.R. Horton Stock Down 0.1 %

Shares of NYSE DHI traded down $0.20 during mid-day trading on Monday, reaching $194.60. The company had a trading volume of 1,903,497 shares, compared to its average volume of 2,490,660. The firm has a 50 day simple moving average of $175.54 and a two-hundred day simple moving average of $157.94. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $196.49. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock has a market cap of $64.08 billion, a P/E ratio of 13.26, a PEG ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.90 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.62%. D.R. Horton's payout ratio is 8.17%.

D.R. Horton declared that its board has authorized a share repurchase 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 repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors 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.