iSAM Funds UK Ltd Takes Position in D.R. Horton, Inc. (NYSE:DHI)

iSAM Funds UK Ltd acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,645 shares of the construction company’s stock, valued at approximately $1,840,000. D.R. Horton makes up approximately 1.0% of iSAM Funds UK Ltd’s holdings, making the stock its 11th biggest position.

A number of other hedge funds also recently made changes to their positions in DHI. EP Wealth Advisors LLC increased its position in shares of D.R. Horton by 7.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,917 shares of the construction company’s stock worth $1,510,000 after purchasing an additional 572 shares in the last quarter. Insigneo Advisory Services LLC increased its position in shares of D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of D.R. Horton by 98.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 8,266 shares of the construction company’s stock worth $1,577,000 after purchasing an additional 4,098 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $4,113,000. Finally, Wahed Invest LLC increased its position in shares of D.R. Horton by 9.5% during the 3rd quarter. Wahed Invest LLC now owns 7,200 shares of the construction company’s stock worth $1,374,000 after purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. UBS Group lowered their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wedbush raised 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 research note on Tuesday, October 15th. Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $185.87.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

NYSE DHI opened at $158.52 on Friday. 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 $133.02 and a 12-month high of $199.85. The company has a market capitalization of $50.91 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. The firm’s 50 day moving average is $175.18 and its 200-day moving average is $168.39.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the business earned $4.45 earnings per share. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed 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 an increase 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 1.01%. D.R. Horton’s dividend payout ratio (DPR) is 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.