Rakuten Securities Inc. Grows Stock Position in D.R. Horton, Inc. $DHI

Rakuten Securities Inc. grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 128.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,199 shares of the construction company’s stock after acquiring an additional 6,853 shares during the quarter. Rakuten Securities Inc.’s holdings in D.R. Horton were worth $2,067,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. SteelPeak Wealth LLC increased its holdings in shares of D.R. Horton by 65.9% in the second quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock valued at $1,296,000 after purchasing an additional 3,993 shares during the period. Berkshire Hathaway Inc purchased a new stake in D.R. Horton in the second quarter valued at approximately $191,491,000. RoundAngle Advisors LLC acquired a new position in D.R. Horton in the 3rd quarter worth approximately $1,703,000. Brevan Howard Capital Management LP raised its position in D.R. Horton by 82.7% during the 2nd quarter. Brevan Howard Capital Management LP now owns 97,569 shares of the construction company’s stock worth $12,579,000 after buying an additional 44,156 shares during the last quarter. Finally, CWM LLC lifted its stake in D.R. Horton by 97.9% during the 3rd quarter. CWM LLC now owns 49,259 shares of the construction company’s stock valued at $8,348,000 after acquiring an additional 24,371 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $159.30 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The stock has a market capitalization of $46.37 billion, a PE ratio of 13.74, a P/E/G ratio of 1.92 and a beta of 1.42. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a fifty day moving average of $149.61 and a two-hundred day moving average of $154.15.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.44 billion. During the same quarter in the previous year, the firm posted $3.92 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Citigroup decreased their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. BTIG Research assumed coverage on D.R. Horton in a report on Monday, December 1st. They set a “buy” rating and a $186.00 target price on the stock. Bank of America dropped their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, Royal Bank Of Canada raised their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $161.62.

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.