Point72 Asia Singapore Pte. Ltd. Invests $641,000 in D.R. Horton, Inc. (NYSE:DHI)

Point72 Asia Singapore Pte. Ltd. purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,358 shares of the construction company’s stock, valued at approximately $641,000.

Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of D.R. Horton by 141.5% in the first quarter. Cetera Investment Advisers now owns 75,903 shares of the construction company’s stock worth $12,490,000 after acquiring an additional 44,468 shares during the period. Cetera Advisors LLC grew its holdings in shares of D.R. Horton by 139.8% in the first quarter. Cetera Advisors LLC now owns 25,382 shares of the construction company’s stock worth $4,177,000 after acquiring an additional 14,798 shares during the period. Transcend Capital Advisors LLC grew its holdings in shares of D.R. Horton by 69.7% in the second quarter. Transcend Capital Advisors LLC now owns 3,488 shares of the construction company’s stock worth $492,000 after acquiring an additional 1,433 shares during the period. GAMMA Investing LLC grew its holdings in shares of D.R. Horton by 35.9% in the second quarter. GAMMA Investing LLC now owns 3,418 shares of the construction company’s stock worth $482,000 after acquiring an additional 902 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of D.R. Horton by 12.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,186 shares of the construction company’s stock worth $167,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.74% of the stock is owned by company insiders.

D.R. Horton Stock Performance

NYSE DHI opened at $168.78 on Monday. The firm has a market cap of $54.21 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $177.29 and a 200-day moving average price of $168.28. D.R. Horton, Inc. has a twelve month low of $125.43 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last posted 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 analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.45 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.26 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 given a $0.40 dividend. This is an increase 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 0.95%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

Analyst Upgrades and Downgrades

Several analysts recently commented on DHI shares. UBS Group cut their price objective 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. BTIG Research cut their price objective 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. Barclays cut their price target on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Finally, Citigroup cut their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.