D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 82.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,126 shares of the construction company’s stock after buying an additional 11,352 shares during the quarter. Verition Fund Management LLC’s holdings in D.R. Horton were worth $4,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DHI. KBC Group NV grew its holdings in 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 period. Legacy CG LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $4,220,000. Schear Investment Advisers LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at $1,308,000. Rheos Capital Works Inc. raised its position in shares of D.R. Horton by 84.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock worth $15,834,000 after buying an additional 38,000 shares during the period. Finally, Brookstone Capital Management acquired a new position in D.R. Horton in the second quarter valued at $1,856,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $167.40 on Tuesday. The business has a 50 day moving average price of $176.77 and a two-hundred day moving average price of $168.40. D.R. Horton, Inc. has a fifty-two week low of $129.35 and a fifty-two week high of $199.85. The firm has a market cap of $53.76 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.74. 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 posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.45 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. 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 dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Analyst Ratings Changes

Several equities research analysts have commented on DHI shares. JPMorgan Chase & Co. upped their price target 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. 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 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 on the stock in a research report on Tuesday, October 15th. Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $185.87.

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 on 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 legal filing with the SEC, which is available through this hyperlink. 1.74% of the stock is currently owned by company insiders.

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.