Harvest Fund Management Co. Ltd Has $1.02 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Harvest Fund Management Co. Ltd grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 614.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,351 shares of the construction company’s stock after acquiring an additional 4,602 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in D.R. Horton were worth $1,020,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV grew its position 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 valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at about $4,220,000. DNB Asset Management AS grew its position in D.R. Horton by 10.3% during the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after buying an additional 4,723 shares in the last quarter. Schear Investment Advisers LLC acquired a new stake in D.R. Horton during the third quarter worth about $1,308,000. Finally, Atria Investments Inc grew its position in D.R. Horton by 36.1% during the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock worth $10,157,000 after buying an additional 16,386 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE:DHI opened at $172.97 on Tuesday. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The firm has a 50 day moving average of $179.34 and a 200-day moving average of $167.76. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $55.55 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm posted $4.45 EPS. The business’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.93%. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DHI. Citigroup decreased their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Bank of America lifted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. Finally, Barclays decreased their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $185.87.

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.