Thrivent Financial for Lutherans Has $60.40 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Thrivent Financial for Lutherans lifted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 428,601 shares of the construction company's stock after buying an additional 34,877 shares during the quarter. Thrivent Financial for Lutherans owned about 0.13% of D.R. Horton worth $60,403,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Premier Path Wealth Partners LLC raised its holdings in D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock valued at $872,000 after buying an additional 59 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock worth $739,000 after purchasing an additional 60 shares during the last quarter. Whittier Trust Co. lifted its holdings in D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock worth $520,000 after purchasing an additional 63 shares during the last quarter. Values First Advisors Inc. grew its holdings in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock valued at $1,251,000 after purchasing an additional 66 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in shares of D.R. Horton by 0.3% in the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company's stock valued at $3,350,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on DHI shares. UBS Group raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the company a "buy" rating in a research note on Friday, July 19th. Royal Bank of Canada lifted their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an "underperform" rating in a research note on Friday, July 19th. 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. Wells Fargo & Company raised their target price on D.R. Horton from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 26th. Finally, Evercore ISI upped their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $183.33.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $5.17 during midday trading on Friday, reaching $191.89. 5,340,014 shares of the company's stock were exchanged, compared to its average volume of 2,501,050. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The company's 50 day simple moving average is $180.71 and its two-hundred day simple moving average is $159.41. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85. The firm has a market capitalization of $63.19 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the previous year, the business earned $3.90 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. D.R. Horton's payout ratio is presently 8.17%.

D.R. Horton announced that its board has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are 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.