Y Intercept Hong Kong Ltd Acquires Shares of 78,965 D.R. Horton, Inc. $DHI

Y Intercept Hong Kong Ltd acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 78,965 shares of the construction company’s stock, valued at approximately $11,373,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC lifted its position in D.R. Horton by 25.6% in the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock valued at $2,635,000 after purchasing an additional 3,726 shares during the last quarter. Nordea Investment Management AB lifted its position in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after purchasing an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in D.R. Horton in the third quarter valued at approximately $946,000. Wealth Enhancement Advisory Services LLC lifted its position in D.R. Horton by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock valued at $82,253,000 after purchasing an additional 9,765 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after buying an additional 790,475 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Citigroup boosted their target price on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, UBS Group boosted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

Shares of DHI stock opened at $154.00 on Friday. The stock has a market cap of $43.67 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.17 and a beta of 1.37. The business’s fifty day moving average is $146.90 and its 200 day moving average is $149.89. D.R. Horton, Inc. has a twelve month low of $119.54 and a twelve month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.