Heritage Wealth Management Inc. Takes $812,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Heritage Wealth Management Inc. acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,990 shares of the construction company's stock, valued at approximately $812,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock worth $5,735,620,000 after purchasing an additional 2,474,262 shares during the period. Greenhaven Associates Inc. lifted its stake in D.R. Horton by 2.3% in the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock worth $517,198,000 after purchasing an additional 81,900 shares during the last quarter. Earnest Partners LLC increased its stake in D.R. Horton by 0.4% in the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock worth $290,901,000 after purchasing an additional 9,137 shares during the period. Principal Financial Group Inc. grew its stake in D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock worth $233,525,000 after acquiring an additional 561,337 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of D.R. Horton by 62.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company's stock worth $207,864,000 after buying an additional 525,705 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 1.1 %

DHI stock traded down $2.16 during trading on Wednesday, reaching $190.56. The stock had a trading volume of 1,983,981 shares, compared to its average volume of 2,475,591. 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 $62.75 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.89 and a beta of 1.73. The company's 50 day moving average is $183.94 and its two-hundred day moving average is $161.30. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $199.85.

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

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.63%. D.R. Horton's dividend payout ratio is currently 8.17%.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on DHI. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 26th. Evercore ISI upped their target price 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. 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 research report on Tuesday, July 23rd. Barclays lifted their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, July 19th. Finally, 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $183.33.

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.