3,022 Shares in D.R. Horton, Inc. (NYSE:DHI) Bought by Readystate Asset Management LP

Readystate Asset Management LP purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,022 shares of the construction company’s stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC boosted its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Coastline Trust Co purchased a new stake in D.R. Horton during the third quarter worth approximately $26,000. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton during the second quarter worth approximately $31,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Bank of America upped their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. BTIG Research dropped 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 report on Wednesday, October 30th. Citigroup dropped their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Evercore ISI dropped 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 report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Down 1.0 %

DHI stock opened at $159.67 on Friday. 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, Inc. has a fifty-two week low of $132.00 and a fifty-two week high of $199.85. The firm’s 50-day simple moving average is $175.18 and its 200 day simple moving average is $168.39. The stock has a market cap of $51.28 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $4.45 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.74% of the company’s stock.

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.