Himension Capital Singapore PTE. LTD. Acquires Shares of 53,548 D.R. Horton, Inc. (NYSE:DHI)

Himension Capital Singapore PTE. LTD. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, HoldingsChannel reports. The firm acquired 53,548 shares of the construction company’s stock, valued at approximately $7,487,000. D.R. Horton comprises about 0.5% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC increased its stake in D.R. Horton by 150.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,942 shares of the construction company’s stock valued at $35,227,000 after buying an additional 151,188 shares during the period. Oarsman Capital Inc. increased its stake in shares of D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock worth $46,000 after acquiring an additional 198 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in D.R. Horton during the fourth quarter worth about $13,943,000. Lynwood Price Capital Management LP acquired a new stake in D.R. Horton in the fourth quarter valued at about $4,894,000. Finally, World Investment Advisors increased its position in D.R. Horton by 45.2% during the 4th quarter. World Investment Advisors now owns 4,259 shares of the construction company’s stock worth $596,000 after purchasing an additional 1,326 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on DHI shares. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Up 4.4 %

Shares of D.R. Horton stock opened at $127.67 on Friday. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The business’s fifty day moving average is $131.02 and its two-hundred day moving average is $152.73. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $40.23 billion, a PE ratio of 9.02, a P/E/G ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.