CX Institutional Has $802,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

CX Institutional decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,202 shares of the construction company’s stock after selling 325 shares during the period. CX Institutional’s holdings in D.R. Horton were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DHI. Rise Advisors LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $29,000. Bfsg LLC increased its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares in the last quarter. Riverview Trust Co acquired a new position in shares of D.R. Horton during the 1st quarter valued at $30,000. Finally, Grove Bank & Trust boosted its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.6 %

NYSE:DHI opened at $192.38 on Thursday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $199.85. The firm has a 50-day moving average price of $186.42 and a two-hundred day moving average price of $163.36. 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 has a market cap of $63.35 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

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

D.R. Horton announced that its board has approved a share buyback 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 purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. 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 note on Monday, August 26th. Bank of America upped their price target 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. UBS Group raised their price objective on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

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.