Vinva Investment Management Ltd Purchases 21,903 Shares of D.R. Horton, Inc. (NYSE:DHI)

Vinva Investment Management Ltd increased its position in D.R. Horton, Inc. (NYSE:DHI) by 62.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,717 shares of the construction company’s stock after acquiring an additional 21,903 shares during the quarter. Vinva Investment Management Ltd’s holdings in D.R. Horton were worth $10,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its stake in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares during the period. Premier Path Wealth Partners LLC grew its holdings in D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares during the last quarter. Coldstream Capital Management Inc. increased its position in D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after buying an additional 60 shares during the period. Whittier Trust Co. lifted its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. grew its stake in shares of D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $169.43 on Thursday. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 0.63 and a beta of 1.74. The firm’s 50-day moving average price is $178.30 and its two-hundred day moving average price is $167.90. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts predict that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.94%. D.R. Horton’s dividend payout ratio is 11.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DHI shares. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Evercore ISI lowered their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lowered their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.