Qsemble Capital Management LP Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Qsemble Capital Management LP grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1,113.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 22,540 shares of the construction company’s stock after buying an additional 20,683 shares during the period. Qsemble Capital Management LP’s holdings in D.R. Horton were worth $4,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 78 shares during the last quarter. Independent Advisor Alliance raised its position in D.R. Horton by 30.3% during the 3rd quarter. Independent Advisor Alliance now owns 5,713 shares of the construction company’s stock worth $1,090,000 after buying an additional 1,329 shares during the last quarter. Concentric Wealth Management LLC lifted its stake in shares of D.R. Horton by 1.5% in the 3rd quarter. Concentric Wealth Management LLC now owns 22,239 shares of the construction company’s stock worth $4,243,000 after acquiring an additional 325 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in shares of D.R. Horton by 614.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 5,351 shares of the construction company’s stock valued at $1,020,000 after acquiring an additional 4,602 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in D.R. Horton during the third quarter worth about $4,136,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHI. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. raised their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Barclays lowered their price target on shares of 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. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, UBS Group dropped their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $185.87.

D.R. Horton Trading Up 5.4 %

NYSE DHI traded up $8.85 during mid-day trading on Monday, reaching $172.38. 433,524 shares of the stock were exchanged, compared to its average volume of 2,500,143. The business’s fifty day simple moving average is $179.77 and its 200 day simple moving average 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. The stock has a market capitalization of $55.36 billion, a PE ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 earnings per share. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. This is an increase 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%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.74% of the stock is currently owned by insiders.

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.