Rafferty Asset Management LLC Increases Holdings in D.R. Horton, Inc. $DHI

Rafferty Asset Management LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 78.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 443,241 shares of the construction company’s stock after buying an additional 194,484 shares during the period. Rafferty Asset Management LLC’s holdings in D.R. Horton were worth $75,116,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Winnow Wealth LLC purchased a new position in D.R. Horton during the 3rd quarter worth $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the second quarter worth about $191,491,000. Trinity Street Asset Management LLP purchased a new stake in shares of D.R. Horton during the third quarter worth about $25,140,000. Mediolanum International Funds Ltd increased its holdings in shares of D.R. Horton by 96.6% during the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of D.R. Horton by 12.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock valued at $384,624,000 after purchasing an additional 252,878 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. UBS Group set a $163.00 price objective on shares of D.R. Horton in a report on Tuesday, January 27th. Bank of America set a $158.00 target price on D.R. Horton in a research report on Wednesday, January 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Finally, Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $160.29.

D.R. Horton Trading Up 0.8%

NYSE DHI opened at $160.17 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company has a market capitalization of $46.40 billion, a PE ratio of 14.55, a P/E/G ratio of 2.45 and a beta of 1.44. The company has a fifty day moving average of $154.56 and a 200 day moving average of $157.79.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $2.61 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was 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 in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

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.