Aptus Capital Advisors LLC Buys 156 Shares of D.R. Horton, Inc. (NYSE:DHI)

Aptus Capital Advisors LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,064 shares of the construction company’s stock after purchasing an additional 156 shares during the period. Aptus Capital Advisors LLC’s holdings in D.R. Horton were worth $432,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Bfsg LLC raised its holdings in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC bought a new position in shares of D.R. Horton during the first quarter valued at $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter worth $29,000. Riverview Trust Co acquired a new stake in D.R. Horton in the first quarter valued at $30,000. Finally, Signature Resources Capital Management LLC bought a new position in D.R. Horton during the 2nd quarter worth $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the subject of several recent research reports. Royal Bank of Canada increased their price target on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their target price on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company boosted their price target on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Barclays lifted their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $182.07.

D.R. Horton Stock Down 2.3 %

D.R. Horton stock opened at $184.47 on Wednesday. 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 debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The firm’s 50-day simple moving average is $167.63 and its 200 day simple moving average is $155.54. The stock has a market cap of $60.75 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping 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 firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the business earned $3.90 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio is 8.17%.

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