7,960 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,960 shares of the construction company's stock, valued at approximately $1,012,000.

Several other large investors have also made changes to their positions in the company. Nemes Rush Group LLC grew its stake 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 valued at $27,000 after buying an additional 82 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of D.R. Horton by 1.0% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after buying an additional 89 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of D.R. Horton by 0.3% during the fourth quarter. Blair William & Co. IL now owns 36,782 shares of the construction company's stock worth $5,143,000 after buying an additional 95 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of D.R. Horton by 3.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after buying an additional 98 shares during the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after buying an additional 100 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on DHI shares. Wells Fargo & Company upped their price target on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday. JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Wedbush increased their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Two 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Trading Up 0.5%

DHI traded up $0.76 during midday trading on Friday, reaching $145.46. 3,708,392 shares of the company were exchanged, compared to its average volume of 4,832,295. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 7.06. The stock's 50-day simple moving average is $128.00 and its 200 day simple moving average is $129.22. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a market capitalization of $43.36 billion, a P/E ratio of 11.66, a PEG ratio of 3.15 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

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.