Werba Rubin Papier Wealth Management Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Werba Rubin Papier Wealth Management purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,172 shares of the construction company’s stock, valued at approximately $224,000.

Other large investors have also recently modified their holdings of the company. Bfsg LLC raised its holdings in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the last quarter. RiverPark Advisors LLC bought a new position in D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co bought a new position in D.R. Horton in the 1st quarter valued at approximately $30,000. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton during the 2nd quarter valued at $31,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.9 %

D.R. Horton stock opened at $194.56 on Friday. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $199.85. The firm has a market capitalization of $64.07 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.78 and a beta of 1.72. The firm has a 50 day moving average of $187.21 and a 200 day moving average of $163.84. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 firm 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 company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.90 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton declared that its board has authorized a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on DHI shares. Royal Bank of Canada lifted their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. UBS Group raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Moderate Buy” and a consensus target price of $185.67.

D.R. Horton Company 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.