D.R. Horton, Inc. $DHI is Harber Asset Management LLC’s 10th Largest Position

Harber Asset Management LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,112 shares of the construction company’s stock after buying an additional 5,059 shares during the quarter. D.R. Horton makes up approximately 3.8% of Harber Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Harber Asset Management LLC’s holdings in D.R. Horton were worth $8,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC grew its holdings in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton during the 2nd quarter worth $302,000. Brown Advisory Inc. increased its position in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $154.00 on Friday. The business has a 50-day moving average of $146.90 and a 200 day moving average of $149.89. D.R. Horton, Inc. has a 12 month low of $119.54 and a 12 month high of $184.54. The stock has a market capitalization of $43.67 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the business posted $2.58 EPS. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on DHI shares. Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group raised their price objective on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Finally, Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Company Profile

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.