Point72 Hong Kong Ltd Makes New $2.65 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Point72 Hong Kong Ltd purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,877 shares of the construction company’s stock, valued at approximately $2,647,000.

Several other large investors have also made changes to their positions in DHI. Coastline Trust Co acquired a new position in D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. boosted its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Bfsg LLC increased its holdings 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. Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

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

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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 business had revenue of $10 billion for 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%. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.45 earnings per share. Sell-side analysts expect 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. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date 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 0.95%. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DHI. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. 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 report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.