Harber Asset Management LLC Invests $6.24 Million in D.R. Horton, Inc. $DHI

Harber Asset Management LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,316 shares of the construction company’s stock, valued at approximately $6,241,000. D.R. Horton accounts for about 3.8% of Harber Asset Management LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at about $302,000. Brown Advisory Inc. grew its position in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Finally, BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Trading Up 0.7%

D.R. Horton stock opened at $148.43 on Friday. The business has a 50 day moving average price of $151.80 and a two-hundred day moving average price of $149.75. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate 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%.D.R. Horton’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.36 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

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

D.R. Horton Company 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.