Y Intercept Hong Kong Ltd Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Y Intercept Hong Kong Ltd grew its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 97.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,458 shares of the construction company's stock after purchasing an additional 24,955 shares during the quarter. D.R. Horton makes up 0.6% of Y Intercept Hong Kong Ltd's holdings, making the stock its 14th biggest holding. Y Intercept Hong Kong Ltd's holdings in D.R. Horton were worth $9,626,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Coastline Trust Co bought a new position in shares of D.R. Horton during the third quarter worth about $26,000. Rakuten Securities Inc. raised its position in shares of 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 acquiring an additional 117 shares during the last quarter. Bfsg LLC raised its position in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after acquiring an additional 74 shares during the last quarter. Wolff Wiese Magana LLC raised 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 acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after acquiring an additional 93 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DHI shares. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. BTIG Research lowered their target price on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. UBS Group lowered their target price on D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus target price of $185.87.

D.R. Horton Stock Up 1.5 %

Shares of NYSE DHI traded up $2.45 during midday trading on Monday, hitting $160.96. 2,764,072 shares of the stock traded hands, compared to its average volume of 2,498,570. The company has a market cap of $51.70 billion, a PE ratio of 11.21, a P/E/G ratio of 0.58 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The business has a 50 day moving average price of $173.95 and a two-hundred day moving average price of $168.88. 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 announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm'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 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. D.R. Horton's payout ratio is presently 11.14%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this hyperlink. 1.74% of the stock is owned by insiders.

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.