Healthcare of Ontario Pension Plan Trust Fund Invests $4.62 Million in D.R. Horton, Inc. (NYSE:DHI)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,200 shares of the construction company’s stock, valued at approximately $4,617,000.

Other hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in D.R. Horton by 2.6% in the third quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock valued at $1,947,000 after acquiring an additional 262 shares during the last quarter. Soros Capital Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $9,901,000. Townsquare Capital LLC raised its holdings in shares of D.R. Horton by 36.5% during the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock valued at $1,469,000 after buying an additional 2,057 shares in the last quarter. Avestar Capital LLC bought a new stake in D.R. Horton in the 3rd quarter worth approximately $229,000. Finally, Brooklyn Investment Group boosted its stake in D.R. Horton by 8.0% in the third quarter. Brooklyn Investment Group now owns 3,365 shares of the construction company’s stock worth $642,000 after buying an additional 249 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $168.90 on Friday. The company has a 50-day simple moving average of $177.29 and a two-hundred day simple moving average of $168.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a market capitalization of $54.25 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $125.43 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 EPS. On average, analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.74% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DHI. Barclays decreased their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. UBS Group reduced their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Finally, Evercore ISI reduced their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.