Two Point Capital Management Inc. Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Two Point Capital Management Inc. grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,860 shares of the construction company’s stock after purchasing an additional 665 shares during the period. D.R. Horton makes up 9.0% of Two Point Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Two Point Capital Management Inc.’s holdings in D.R. Horton were worth $22,247,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Natixis Advisors LLC grew its holdings in shares of D.R. Horton by 2.6% in the 2nd quarter. Natixis Advisors LLC now owns 187,282 shares of the construction company’s stock worth $26,394,000 after acquiring an additional 4,763 shares during the last quarter. AM Squared Ltd purchased a new stake in D.R. Horton during the second quarter valued at about $42,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of D.R. Horton in the second quarter worth about $1,862,000. JPL Wealth Management LLC increased its position in shares of D.R. Horton by 10.1% in the second quarter. JPL Wealth Management LLC now owns 15,578 shares of the construction company’s stock worth $2,195,000 after acquiring an additional 1,433 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of D.R. Horton by 5.4% during the second quarter. Aptus Capital Advisors LLC now owns 3,064 shares of the construction company’s stock valued at $432,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $188.76 on Monday. 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 stock’s 50 day moving average price is $165.85 and its two-hundred day moving average price is $154.93. The firm has a market capitalization of $62.16 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $193.63.

D.R. Horton (NYSE:DHIGet Free Report) 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. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same period in the prior year, the company earned $3.90 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton announced that its board has authorized a share repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company upped their price target on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Bank of America raised their price objective on D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Finally, Royal Bank of Canada raised their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $182.07.

Read Our Latest Stock Analysis on D.R. Horton

D.R. Horton Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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