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

Verition Fund Management LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 82.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,126 shares of the construction company’s stock after purchasing 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 reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Atlantic Union Bankshares Corp lifted its stake in shares of D.R. Horton by 5.6% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 63,394 shares of the construction company’s stock worth $12,094,000 after acquiring an additional 3,380 shares during the period. Vinva Investment Management Ltd lifted its position in D.R. Horton by 62.9% in the third quarter. Vinva Investment Management Ltd now owns 56,717 shares of the construction company’s stock worth $10,796,000 after purchasing an additional 21,903 shares during the period. Financial Counselors Inc. bought a new position in D.R. Horton during the 3rd quarter valued at $213,000. Public Sector Pension Investment Board increased its position in shares of D.R. Horton by 10.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 12,352 shares of the construction company’s stock valued at $2,356,000 after purchasing an additional 1,200 shares during the period. Finally, Fiduciary Trust Co raised its stake in shares of D.R. Horton by 207.4% in the 3rd quarter. Fiduciary Trust Co now owns 11,424 shares of the construction company’s stock worth $2,179,000 after buying an additional 7,708 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DHI shares. Royal Bank of Canada decreased their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. UBS Group reduced 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 report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Wedbush raised 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. Finally, BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One 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.com, the company has a consensus rating of “Hold” and an average price target of $185.87.

D.R. Horton Trading Down 0.8 %

Shares of NYSE DHI opened at $167.40 on Tuesday. The business has a 50 day simple moving average of $176.77 and a 200 day simple moving average of $168.40. D.R. Horton, Inc. has a 52 week low of $129.35 and a 52 week high of $199.85. The stock has a market cap of $53.76 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.61 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the business posted $4.45 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. Company 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.