Raub Brock Capital Management LP Trims Holdings in D.R. Horton, Inc. (NYSE:DHI)

Raub Brock Capital Management LP decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,348 shares of the construction company’s stock after selling 3,754 shares during the quarter. D.R. Horton comprises 4.4% of Raub Brock Capital Management LP’s portfolio, making the stock its 6th biggest holding. Raub Brock Capital Management LP’s holdings in D.R. Horton were worth $21,814,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. SageView Advisory Group LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $253,000. Nomura Holdings Inc. raised its holdings in D.R. Horton by 125.4% in the 4th quarter. Nomura Holdings Inc. now owns 6,086 shares of the construction company’s stock worth $925,000 after purchasing an additional 30,068 shares during the period. Rise Advisors LLC purchased a new position in D.R. Horton in the 1st quarter valued at about $27,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of D.R. Horton by 11.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,053 shares of the construction company’s stock worth $173,000 after acquiring an additional 111 shares during the last quarter. Finally, Alaska Permanent Fund Corp grew its stake in shares of D.R. Horton by 312.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after buying an additional 8,902 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Evercore ISI increased their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Barclays lifted their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One equities research 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.com, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus price target of $185.67.

D.R. Horton Trading Up 1.9 %

Shares of DHI stock opened at $194.56 on Friday. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $199.85. 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 business has a fifty day simple moving average of $187.21 and a 200-day simple moving average of $163.78. The stock has a market cap of $64.07 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion during 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%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.90 earnings per share. On average, analysts forecast 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 initiated a share repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.