D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Holocene Advisors LP

Holocene Advisors LP increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 12.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,513,734 shares of the construction company’s stock after acquiring an additional 165,997 shares during the quarter. D.R. Horton comprises approximately 1.2% of Holocene Advisors LP’s investment portfolio, making the stock its 13th largest holding. Holocene Advisors LP’s holdings in D.R. Horton were worth $288,775,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. TCI Wealth Advisors Inc. grew its holdings in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in D.R. Horton by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after purchasing an additional 59 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the last quarter. Whittier Trust Co. raised its stake in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after buying an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. lifted its holdings in D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $168.78 on Monday. D.R. Horton, Inc. has a 12-month low of $129.35 and a 12-month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a market capitalization of $54.21 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.74. The business has a 50 day simple moving average of $177.29 and a 200 day simple moving average of $168.28.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the company posted $4.45 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.95%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, 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 research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $185.87.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.74% of the stock is owned by insiders.

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.