Alpha DNA Investment Management LLC Has $1.04 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Alpha DNA Investment Management LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,451 shares of the construction company’s stock after acquiring an additional 627 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in D.R. Horton were worth $1,040,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new position in D.R. Horton during the first quarter worth $274,000. Price T Rowe Associates Inc. MD raised its stake in shares of D.R. Horton by 0.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 410,878 shares of the construction company’s stock valued at $67,611,000 after acquiring an additional 3,069 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in D.R. Horton by 21.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 43,219 shares of the construction company’s stock worth $7,112,000 after purchasing an additional 7,582 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in D.R. Horton by 12.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 273,541 shares of the construction company’s stock valued at $45,011,000 after purchasing an additional 29,374 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of D.R. Horton by 20.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,539 shares of the construction company’s stock valued at $1,241,000 after purchasing an additional 1,296 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.74% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on DHI shares. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wedbush upgraded 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. Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Finally, BTIG Research reduced their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Performance

NYSE:DHI opened at $163.53 on Friday. The firm has a market capitalization of $52.52 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.59 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. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The firm has a 50-day moving average price of $179.77 and a 200 day moving average price of $167.46.

D.R. Horton (NYSE:DHI) last released 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 net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.45 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 14.4 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. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost 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 0.98%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

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.