DRW Securities LLC Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

DRW Securities LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 76.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,638 shares of the construction company's stock after selling 5,362 shares during the period. DRW Securities LLC's holdings in D.R. Horton were worth $231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new stake 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 valued at $12,537,000 after acquiring an additional 30,186 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 during the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of D.R. Horton by 312.0% in the first quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company's stock valued at $1,934,000 after purchasing an additional 8,902 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of D.R. Horton by 18.1% during the fourth quarter. Stifel Financial Corp now owns 94,924 shares of the construction company's stock valued at $14,429,000 after purchasing an additional 14,573 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 26th. Citigroup lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and lowered their price target for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. boosted their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. Finally, Barclays upped their price target on D.R. Horton from $168.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $183.33.

D.R. Horton Price Performance

NYSE DHI traded down $5.16 during trading hours on Wednesday, reaching $187.21. The company's stock had a trading volume of 2,559,820 shares, compared to its average volume of 2,493,167. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $61.65 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.89 and a beta of 1.73. The firm's 50-day moving average price is $182.13 and its 200-day moving average price is $160.00. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the business posted $3.90 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton's dividend payout ratio is currently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

D.R. Horton 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.