Weiss Asset Management LP Invests $8.16 Million in D.R. Horton, Inc. (NYSE:DHI)

Weiss Asset Management LP purchased a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 42,776 shares of the construction company's stock, valued at approximately $8,160,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its stake in shares of D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock valued at $284,000 after acquiring an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock valued at $872,000 after purchasing an additional 59 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock valued at $739,000 after purchasing an additional 60 shares in the last quarter. Whittier Trust Co. increased its stake in D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock valued at $520,000 after purchasing an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. increased its stake in D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock valued at $1,251,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.74% of the stock is owned by company insiders.

D.R. Horton Stock Performance

NYSE DHI traded down $1.17 during trading on Friday, hitting $158.51. 2,230,884 shares of the company's stock traded hands, compared to its average volume of 2,494,024. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.61 and a beta of 1.71. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month 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. The business has a 50 day moving average of $175.18 and a 200-day moving average of $168.39.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $4.45 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. 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. D.R. Horton's dividend payout ratio is 11.14%.

Wall Street Analyst Weigh In

A number of analysts have commented on DHI shares. Royal Bank of Canada decreased 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 note on Wednesday, October 30th. Citigroup reduced their target price on shares of 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. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. 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 research note on Wednesday, October 30th. Finally, Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.