TB Alternative Assets Ltd. Invests $11.58 Million in D.R. Horton, Inc. $DHI

TB Alternative Assets Ltd. purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, HoldingsChannel reports. The firm purchased 68,300 shares of the construction company’s stock, valued at approximately $11,575,000. D.R. Horton accounts for approximately 1.7% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also recently bought and sold shares of DHI. E. Ohman J or Asset Management AB bought a new stake in shares of D.R. Horton during the third quarter worth $1,813,000. Apollon Wealth Management LLC raised its holdings in D.R. Horton by 10.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,759 shares of the construction company’s stock worth $3,010,000 after purchasing an additional 1,744 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $276,000. Regent Peak Wealth Advisors LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $222,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $293,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. Finally, BTIG Research began coverage on shares of D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $161.08.

D.R. Horton Trading Down 0.2%

NYSE:DHI opened at $146.31 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The business’s 50-day simple moving average is $150.49 and its 200-day simple moving average is $151.97. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The stock has a market capitalization of $42.59 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38.

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

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

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.