Assenagon Asset Management S.A. Sells 14,095 Shares of D.R. Horton, Inc. (NYSE:DHI)

Assenagon Asset Management S.A. trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 361,624 shares of the construction company's stock after selling 14,095 shares during the period. Assenagon Asset Management S.A. owned 0.11% of D.R. Horton worth $50,562,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the third quarter valued at about $1,853,178,000. FMR LLC raised its holdings in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $72,672,000. Nordea Investment Management AB grew its holdings in D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock worth $57,255,000 after acquiring an additional 215,947 shares during the last quarter. Finally, KBC Group NV increased its position in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock valued at $51,706,000 after acquiring an additional 212,112 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 1.6 %

NYSE:DHI opened at $145.47 on Thursday. The firm has a fifty day simple moving average of $153.12 and a two-hundred day simple moving average of $168.80. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The stock has a market capitalization of $46.67 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.56 and a beta of 1.75. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results 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 firm had revenue of $10 billion during 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 business's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.45 earnings per share. Analysts expect that D.R. Horton, Inc. will post 14.03 EPS 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 is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

Insider Activity at D.R. Horton

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 shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DHI. Evercore ISI cut their price target 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. Wedbush upgraded 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. BTIG Research lowered their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, StockNews.com lowered shares of D.R. Horton from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $176.53.

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.

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