Worldquant Millennium Advisors LLC Acquires Shares of 21,558 D.R. Horton, Inc. (NYSE:DHI)

Worldquant Millennium Advisors LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,558 shares of the construction company’s stock, valued at approximately $4,113,000.

Several other hedge funds also recently bought and sold shares of DHI. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter worth $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after buying an additional 987,834 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its position in shares of D.R. Horton by 592.4% during the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock worth $56,784,000 after buying an additional 344,731 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent research reports. Citigroup dropped their price target 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. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. Wells Fargo & Company decreased their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average target price of $185.87.

Insider Buying and Selling at D.R. Horton

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 document filed with the SEC, which is available through this hyperlink. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Stock Down 0.7 %

D.R. Horton stock opened at $158.51 on Friday. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The business’s 50-day moving average price is $174.54 and its 200 day moving average price is $168.59. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate 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 business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

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.