Assenagon Asset Management S.A. Acquires 198,628 Shares of D.R. Horton, Inc. $DHI

Assenagon Asset Management S.A. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1,249.0% during the fourth quarter, Holdings Channel reports. The firm owned 214,531 shares of the construction company’s stock after buying an additional 198,628 shares during the period. Assenagon Asset Management S.A.’s holdings in D.R. Horton were worth $30,899,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DHI. Capital World Investors raised its holdings in shares of D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. State Street Corp boosted its stake in D.R. Horton by 0.7% in the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after buying an additional 92,219 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton in the second quarter valued at $494,278,000. Invesco Ltd. raised its stake in D.R. Horton by 18.1% during the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after acquiring an additional 517,752 shares in the last quarter. Finally, Viking Global Investors LP lifted its holdings in shares of D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup lowered their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Bank of America set a $158.00 price target on shares of D.R. Horton in a report on Wednesday, January 21st. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. Argus raised their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $159.93.

Insider Buying and Selling at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

D.R. Horton stock opened at $137.67 on Thursday. The stock has a 50-day simple moving average of $152.80 and a 200 day simple moving average of $154.58. The stock has a market capitalization of $39.88 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 2.14 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

D.R. Horton Company 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.