D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 614.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,351 shares of the construction company’s stock after acquiring an additional 4,602 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in D.R. Horton were worth $1,020,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Greenhaven Associates Inc. increased its position in D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after acquiring an additional 81,900 shares during the period. Smead Capital Management Inc. boosted its stake in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after purchasing an additional 84,835 shares in the last quarter. Earnest Partners LLC boosted its stake in 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 valued at $290,901,000 after purchasing an additional 9,137 shares in the last quarter. Principal Financial Group Inc. boosted its stake in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares in the last quarter. Finally, National Pension Service boosted its stake in D.R. Horton by 6.0% during the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock valued at $211,507,000 after purchasing an additional 62,971 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $172.97 on Tuesday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The business has a fifty day simple moving average of $179.34 and a 200 day simple moving average of $167.76. The firm has a market cap of $55.55 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the business posted $4.45 earnings per share. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DHI shares. Wells Fargo & Company decreased their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. BTIG Research decreased their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reduced their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $185.87.

About D.R. Horton

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.