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

Assenagon Asset Management S.A. increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 1,249.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 214,531 shares of the construction company’s stock after purchasing an additional 198,628 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of D.R. Horton worth $30,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Hemington Wealth Management raised its position in shares of D.R. Horton by 22.1% in the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC boosted its holdings in shares of D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after buying an additional 69 shares during the period. Mutual Advisors LLC boosted its holdings in shares of D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after buying an additional 70 shares during the period. Physician Wealth Advisors Inc. grew its stake in D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after buying an additional 71 shares during the last quarter. Finally, Caitlin John LLC raised its holdings in D.R. Horton by 3.4% in the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock worth $411,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DHI shares. Truist Financial set a $155.00 target price on shares of D.R. Horton and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Argus lifted their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Barclays decreased their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $159.93.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction 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 sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Trading Down 0.5%

Shares of DHI opened at $137.67 on Thursday. The stock’s 50-day moving average price is $152.80 and its 200 day moving average price is $154.58. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm 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. 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 announced 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. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the company earned $2.61 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s payout ratio is currently 16.35%.

About D.R. Horton

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.