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

Eventide Asset Management LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 845,561 shares of the construction company’s stock after purchasing an additional 12,013 shares during the period. D.R. Horton comprises 2.8% of Eventide Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. Eventide Asset Management LLC owned about 0.26% of D.R. Horton worth $161,308,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC increased its position 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 worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Greenhaven Associates Inc. increased its holdings 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 last quarter. Smead Capital Management Inc. increased its holdings in shares of D.R. Horton by 3.5% in 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 during the last quarter. Earnest Partners LLC increased its stake in D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after acquiring an additional 9,137 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in D.R. Horton by 7.3% during 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 purchasing an additional 120,892 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DHI. Citigroup decreased their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. UBS Group decreased their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, BTIG Research lowered their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Trading Up 0.4 %

NYSE DHI opened at $169.43 on Friday. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The company has a 50 day moving average price of $177.75 and a 200 day moving average price of $167.91. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a market cap 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.

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

D.R. Horton Increases Dividend

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

Insider Buying and Selling

In related 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.74% of the stock is currently owned by company insiders.

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.