Eventide Asset Management LLC Buys 13,684 Shares of D.R. Horton, Inc. $DHI

Eventide Asset Management LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 455,674 shares of the construction company’s stock after purchasing an additional 13,684 shares during the period. D.R. Horton comprises approximately 1.3% of Eventide Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Eventide Asset Management LLC’s holdings in D.R. Horton were worth $77,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton during the 2nd quarter worth $302,000. Prospera Financial Services Inc purchased a new stake in D.R. Horton in the 2nd quarter worth about $237,000. Finally, Allworth Financial LP increased its holdings in D.R. Horton by 246.2% in the 2nd quarter. Allworth Financial LP now owns 5,456 shares of the construction company’s stock worth $703,000 after acquiring an additional 3,880 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Argus upped their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Barclays lowered their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Citigroup dropped their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $159.93.

Insiders Place Their Bets

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

D.R. Horton Stock Up 1.0%

Shares of NYSE DHI opened at $140.45 on Friday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The business has a 50-day simple moving average of $154.91 and a two-hundred day simple moving average of $156.46. 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 company has a market cap of $40.69 billion, a P/E ratio of 12.76, a P/E/G ratio of 2.17 and a beta of 1.43.

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, beating the consensus estimate 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 firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend 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.