Harber Asset Management LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,112 shares of the construction company’s stock after acquiring an additional 5,059 shares during the period. D.R. Horton accounts for approximately 3.8% of Harber Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding. Harber Asset Management LLC’s holdings in D.R. Horton were worth $8,946,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new position in D.R. Horton during the fourth quarter worth approximately $274,000. Brown Advisory Inc. increased its position in D.R. Horton by 22.9% during the fourth quarter. Brown Advisory Inc. now owns 7,834 shares of the construction company’s stock worth $1,128,000 after buying an additional 1,460 shares during the period. Beta Wealth Group Inc. increased its position in D.R. Horton by 29.6% during the fourth quarter. Beta Wealth Group Inc. now owns 3,500 shares of the construction company’s stock worth $504,000 after buying an additional 800 shares during the period. Atlas Capital Advisors Inc. acquired a new position in D.R. Horton during the fourth quarter worth approximately $693,000. Finally, Aptus Capital Advisors LLC increased its position in D.R. Horton by 24.1% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,751 shares of the construction company’s stock worth $684,000 after buying an additional 924 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
D.R. Horton Stock Down 0.3%
D.R. Horton stock opened at $154.00 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The company has a market cap of $43.67 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37. The stock’s 50 day moving average price is $146.90 and its 200 day moving average price is $149.89.
D.R. Horton Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.
Analyst Upgrades and Downgrades
Several research firms have commented on DHI. Barclays lifted their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group lifted their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. UBS Group lifted their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Truist Financial lifted their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $168.54.
Read Our Latest Stock Report on DHI
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.
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