D.R. Horton, Inc. (NYSE:DHI) Position Raised by Eventide Asset Management LLC

Eventide Asset Management LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 845,561 shares of the construction company’s stock after buying an additional 12,013 shares during the period. D.R. Horton comprises approximately 2.8% of Eventide Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. Eventide Asset Management LLC’s holdings in D.R. Horton were worth $161,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DHI. FMR LLC grew its holdings in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Greenhaven Associates Inc. grew its position in shares of D.R. Horton by 2.3% in the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after purchasing an additional 81,900 shares during the period. Smead Capital Management Inc. increased its stake in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares in the last quarter. Earnest Partners LLC raised its position in shares of D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after purchasing an additional 9,137 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Evercore ISI dropped their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Bank of America lifted their price target 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. Royal Bank of Canada decreased their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. Finally, Barclays dropped their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Performance

NYSE:DHI opened at $169.43 on Friday. D.R. Horton, Inc. has a 12 month low of $125.28 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 $54.42 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The business’s fifty day moving average price is $177.75 and its 200 day moving average price is $167.91.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. D.R. Horton’s payout ratio is 11.14%.

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.