D.R. Horton, Inc. (NYSE:DHI) Holdings Boosted by Overbrook Management Corp

Overbrook Management Corp raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 84.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,866 shares of the construction company’s stock after purchasing an additional 47,174 shares during the period. D.R. Horton accounts for 4.5% of Overbrook Management Corp’s holdings, making the stock its 7th biggest position. Overbrook Management Corp’s holdings in D.R. Horton were worth $19,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of D.R. Horton by 1,761.6% in the second 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. lifted its stake in shares of D.R. Horton by 51.2% in the second 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. Long Pond Capital LP lifted its stake in shares of D.R. Horton by 438.6% in the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock worth $108,564,000 after buying an additional 537,276 shares in the last quarter. Banque Pictet & Cie SA lifted its stake in shares of D.R. Horton by 592.4% in the second 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. Finally, Bank Pictet & Cie Europe AG purchased a new position in shares of D.R. Horton in the second quarter worth about $37,613,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.5 %

DHI stock opened at $163.13 on Thursday. The company has a fifty day moving average price of $180.93 and a 200 day moving average price of $167.30. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. The company has a market cap of $53.15 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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 analysts’ expectations of $10.22 billion. During the same quarter last year, the company earned $4.45 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts expect that D.R. Horton, Inc. will post 14.4 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

Analyst Ratings Changes

DHI has been the topic of a number of analyst reports. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price 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. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group reduced their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given 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 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.