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

Holocene Advisors LP increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,513,734 shares of the construction company’s stock after purchasing an additional 165,997 shares during the period. D.R. Horton accounts for about 1.2% of Holocene Advisors LP’s holdings, making the stock its 13th biggest position. Holocene Advisors LP owned about 0.46% of D.R. Horton worth $288,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. KBC Group NV raised its holdings in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new position in D.R. Horton in the 3rd quarter valued at about $4,220,000. Schear Investment Advisers LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $1,308,000. DNB Asset Management AS boosted its stake in shares of D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in shares of D.R. Horton by 84.4% during the third quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock worth $15,834,000 after buying an additional 38,000 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DHI shares. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. UBS Group lowered their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays reduced their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $185.87.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were 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 accessible through this link. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

D.R. Horton stock opened at $168.78 on Monday. The firm has a fifty day moving average of $177.29 and a 200-day moving average of $168.28. D.R. Horton, Inc. has a 52-week low of $129.35 and a 52-week high of $199.85. 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 capitalization of $54.21 billion, a P/E ratio of 11.75, a PEG ratio of 0.61 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last announced 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). The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’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 posted $4.45 earnings per share. As a group, analysts predict 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. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

D.R. Horton 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.