D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 23.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,114 shares of the construction company’s stock after purchasing an additional 397 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in D.R. Horton were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Vanguard Group Inc. raised 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 valued at $5,735,620,000 after buying an additional 2,474,262 shares during the last quarter. Greenhaven Associates Inc. raised its holdings in D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after acquiring an additional 81,900 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter worth $516,530,000. Franklin Resources Inc. boosted its holdings in shares of D.R. Horton by 12.5% during the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after purchasing an additional 260,864 shares during the last quarter. Finally, Earnest Partners LLC grew its position in shares of D.R. Horton by 10.6% in the first quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock valued at $338,152,000 after purchasing an additional 196,748 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent analyst reports. Barclays increased their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JMP Securities boosted their price target on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Royal Bank of Canada raised their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company lifted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.07.

D.R. Horton Price Performance

DHI opened at $188.76 on Friday. 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 quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $174.36 and its 200 day moving average price is $157.43. The firm has a market cap of $62.16 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $3.90 EPS. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.64%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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.