TB Alternative Assets Ltd. Raises Stock Position in D.R. Horton, Inc. $DHI

TB Alternative Assets Ltd. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 102.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,614 shares of the construction company’s stock after buying an additional 70,314 shares during the period. D.R. Horton comprises 3.3% of TB Alternative Assets Ltd.’s holdings, making the stock its 11th largest holding. TB Alternative Assets Ltd.’s holdings in D.R. Horton were worth $19,965,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Concord Wealth Partners purchased a new position in D.R. Horton in the third quarter worth about $25,000. Canton Hathaway LLC bought a new stake in D.R. Horton during the third quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton during the third quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $31,000. Finally, Westfuller Advisors LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth approximately $34,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI opened at $138.34 on Thursday. The business has a fifty day moving average of $150.68 and a 200 day moving average of $153.04. The stock has a market cap of $40.08 billion, a P/E ratio of 12.56, a PEG ratio of 2.12 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.61 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of several analyst reports. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Finally, Evercore lifted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton 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.