TB Alternative Assets Ltd. Acquires New Shares in D.R. Horton, Inc. $DHI

TB Alternative Assets Ltd. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,300 shares of the construction company’s stock, valued at approximately $11,575,000. D.R. Horton makes up approximately 1.7% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 17th largest position.

Several other institutional investors also recently bought and sold shares of DHI. SteelPeak Wealth LLC lifted its position in shares of D.R. Horton by 65.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 3,993 shares during the period. Inspire Investing LLC raised its stake in shares of D.R. Horton by 787.0% in the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock valued at $2,591,000 after purchasing an additional 18,086 shares in the last quarter. Swedbank AB lifted its position in D.R. Horton by 22.8% in the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after purchasing an additional 97,467 shares during the period. Berkshire Hathaway Inc acquired a new stake in D.R. Horton during the second quarter worth $191,491,000. Finally, Ascent Group LLC bought a new stake in D.R. Horton in the 1st quarter valued at $232,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $146.31 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The firm has a 50 day moving average of $150.49 and a 200-day moving average of $151.97. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $42.59 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter last year, the company earned $3.92 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio is 15.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DHI shares. UBS Group raised their price objective on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 22nd. Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Finally, BTIG Research assumed coverage on D.R. Horton in a research note on Monday, December 1st. They issued a “buy” rating and a $186.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $161.08.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.