Soros Fund Management LLC Acquires 19,845 Shares of D.R. Horton, Inc. (NYSE:DHI)

Soros Fund Management LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,445 shares of the construction company's stock after buying an additional 19,845 shares during the quarter. Soros Fund Management LLC owned 0.06% of D.R. Horton worth $37,857,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bfsg LLC boosted its position in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $26,000. Signature Resources Capital Management LLC acquired a new position in D.R. Horton in the second quarter valued at about $31,000. Rakuten Securities Inc. boosted 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 boosted its position in shares of 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. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 0.4 %

NYSE:DHI traded down $0.68 during mid-day trading on Friday, hitting $159.00. The company had a trading volume of 557,943 shares, compared to its average volume of 2,490,079. 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, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The business has a fifty day simple moving average of $175.18 and a 200-day simple moving average of $168.39. The firm has a market capitalization of $51.07 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.61 and a beta of 1.71.

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 the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the business posted $4.45 EPS. D.R. Horton's revenue was down 4.7% compared to the same quarter last year. Equities analysts forecast 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. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This is a boost 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 yield of 1.01%. D.R. Horton's dividend payout ratio is 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.74% of the company's stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Royal Bank of Canada decreased their price objective 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. Citigroup decreased their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their price target on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Bank of America increased their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $185.87.

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.