Ted Buchan & Co Sells 314 Shares of D.R. Horton, Inc. (NYSE:DHI)

Ted Buchan & Co cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,198 shares of the construction company’s stock after selling 314 shares during the period. Ted Buchan & Co’s holdings in D.R. Horton were worth $419,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in D.R. Horton by 7.6% during 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 period. Greenhaven Associates Inc. boosted its holdings in D.R. Horton by 2.3% during 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 period. Earnest Partners LLC boosted its holdings in D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after acquiring an additional 9,137 shares during the period. Principal Financial Group Inc. grew its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the last quarter. Finally, National Pension Service increased its stake in D.R. Horton by 6.0% in the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock worth $211,507,000 after purchasing an additional 62,971 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.4 %

NYSE DHI opened at $168.79 on Friday. The stock’s 50 day moving average is $184.62 and its 200 day moving average is $166.17. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $55.00 billion, a PE ratio of 11.75, a P/E/G ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a twelve month low of $120.10 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 EPS. Research analysts forecast that D.R. Horton, Inc. will post 15.54 earnings per share for the current fiscal year.

D.R. Horton declared that its Board of Directors has initiated a share buyback plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.36%.

Analysts Set New Price Targets

DHI has been the topic of several recent analyst reports. JMP Securities raised their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Bank of America raised their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $185.87.

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.