Harvest Fund Management Co. Ltd Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Harvest Fund Management Co. Ltd grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 614.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,351 shares of the construction company's stock after purchasing an additional 4,602 shares during the period. Harvest Fund Management Co. Ltd's holdings in D.R. Horton were worth $1,020,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Greenhaven Associates Inc. lifted its holdings in shares of D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock valued at $517,198,000 after purchasing an additional 81,900 shares during the last quarter. Smead Capital Management Inc. lifted its holdings in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock valued at $290,901,000 after purchasing an additional 9,137 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after acquiring an additional 120,892 shares in the last quarter. Finally, National Pension Service increased its position in shares of D.R. Horton by 6.0% during the third quarter. National Pension Service now owns 1,108,703 shares of the construction company's stock valued at $211,507,000 after acquiring an additional 62,971 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $4.26 on Tuesday, hitting $168.68. 1,826,367 shares of the company's stock were exchanged, compared to its average volume of 2,515,942. The company has a 50-day simple moving average of $178.80 and a 200-day simple moving average of $167.89. The stock has a market capitalization of $54.17 billion, a PE ratio of 11.75, a PEG ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DHI shares. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research report on Wednesday, October 30th. Bank of America raised their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. UBS Group reduced their price target 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. Finally, Raymond James downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $185.87.

D.R. Horton Company 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.