D.R. Horton, Inc. $DHI Stock: Assenagon Asset Management S.A. Boosts Holdings

Assenagon Asset Management S.A. increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 249.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 530,557 shares of the construction company's stock after buying an additional 378,808 shares during the quarter. Assenagon Asset Management S.A. owned about 0.19% of D.R. Horton worth $72,501,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new stake in D.R. Horton in the second quarter valued at approximately $25,000. Caitlin John LLC purchased a new position in shares of D.R. Horton during the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $26,000. Compass Financial Management LLC acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $31,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of D.R. Horton by 283.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 226 shares of the construction company's stock valued at $31,000 after purchasing an additional 167 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $167.00 to $160.00 and set a "market perform" rating on the stock in a report on Tuesday, September 22nd. The Goldman Sachs Group reiterated a "buy" rating and set a $182.00 price target on shares of D.R. Horton in a research report on Monday. Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Evercore set a $166.00 price objective on D.R. Horton in a research report on Friday, September 25th. Finally, Royal Bank Of Canada reduced their target price on D.R. Horton from $125.00 to $119.00 and set an "underperform" rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $156.36.

D.R. Horton Stock Performance

D.R. Horton stock opened at $139.20 on Friday. The firm has a 50 day simple moving average of $141.57 and a 200-day simple moving average of $146.42. The stock has a market cap of $38.93 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 1-year low of $130.40 and a 1-year high of $170.79.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company earned $3.36 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect that D.R. Horton, Inc. will post 10.43 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton's dividend payout ratio is presently 17.13%.

About D.R. Horton

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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