Assenagon Asset Management S.A. Has $54.78 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Assenagon Asset Management S.A. increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,913 shares of the construction company's stock after purchasing an additional 69,289 shares during the period. Assenagon Asset Management S.A. owned 0.14% of D.R. Horton worth $54,782,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. BTIG Research lowered their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Royal Bank of Canada lowered their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

Shares of DHI stock traded down $3.25 during mid-day trading on Friday, hitting $122.99. 3,201,222 shares of the stock traded hands, compared to its average volume of 3,052,127. The firm has a market cap of $37.78 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company's 50-day simple moving average is $122.20 and its 200-day simple moving average is $132.73. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the prior year, the business earned $3.52 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 12.11%.

About D.R. Horton

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.