Assenagon Asset Management S.A. Sells 27,371 Shares of D.R. Horton, Inc. $DHI

Assenagon Asset Management S.A. lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 187,160 shares of the construction company’s stock after selling 27,371 shares during the period. Assenagon Asset Management S.A.’s holdings in D.R. Horton were worth $25,682,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DHI. Merit Financial Group LLC increased its stake in D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares in the last quarter. Nordea Investment Management AB lifted its position in D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after acquiring an additional 363,573 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in D.R. Horton in the 3rd quarter worth $946,000. Wealth Enhancement Advisory Services LLC increased its holdings in D.R. Horton by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after purchasing an additional 9,765 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its holdings in D.R. Horton by 8.8% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 160,846 shares of the construction company’s stock worth $27,259,000 after purchasing an additional 13,020 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DHI shares. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Citigroup raised their price objective on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Performance

DHI opened at $166.51 on Friday. The business’s fifty day moving average is $150.29 and its 200-day moving average is $150.01. The firm has a market cap of $47.22 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37. D.R. Horton, Inc. has a 52-week low of $127.34 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts expect that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

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.