Harber Asset Management LLC Buys New Stake in D.R. Horton, Inc. $DHI

Harber Asset Management LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 38,316 shares of the construction company’s stock, valued at approximately $6,241,000. D.R. Horton accounts for approximately 3.8% of Harber Asset Management LLC’s holdings, making the stock its 7th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new position in shares of D.R. Horton during the 2nd quarter worth approximately $32,000. Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton in the 4th quarter valued at $30,000. Finally, First Horizon Corp boosted its stake in D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.7%

DHI stock opened at $148.43 on Friday. The business has a fifty day moving average price of $151.80 and a 200 day moving average price of $149.75. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The stock has a market capitalization of $41.52 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.34 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.36 earnings per share. Analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s payout ratio is currently 17.13%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $166.92.

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.