Dynamic Technology Lab Private Ltd Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Dynamic Technology Lab Private Ltd acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 21,678 shares of the construction company’s stock, valued at approximately $4,136,000. D.R. Horton comprises about 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Bfsg LLC raised its position in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the last quarter. Wolff Wiese Magana LLC raised its position in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.74% of the stock is owned by company insiders.

D.R. Horton Price Performance

Shares of DHI opened at $163.53 on Monday. The firm has a market cap of $52.52 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The business’s 50 day moving average price is $179.77 and its two-hundred day moving average price is $167.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued its 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company earned $4.45 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 note on Wednesday, October 30th. BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.87.

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.