103,840 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 103,840 shares of the construction company’s stock, valued at approximately $19,784,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. KBC Group NV lifted its holdings in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $4,220,000. Schear Investment Advisers LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $1,308,000. DNB Asset Management AS increased its position in shares of D.R. Horton by 10.3% during the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after purchasing an additional 4,723 shares during the period. Finally, Rheos Capital Works Inc. grew its position in D.R. Horton by 84.4% in the third quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock valued at $15,834,000 after acquiring an additional 38,000 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHI. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Evercore ISI cut their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays cut their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Stock Down 0.4 %

DHI stock opened at $168.78 on Friday. D.R. Horton, Inc. has a twelve month low of $125.43 and a twelve month high of $199.85. The company has a market cap of $54.21 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.61 and a beta of 1.74. The business has a 50 day moving average price of $177.29 and a two-hundred day moving average price of $168.21. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 analyst estimates of $10.22 billion. During the same period in the previous year, the business earned $4.45 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

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

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.74% of the company’s stock.

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.