TB Alternative Assets Ltd. Boosts Holdings in D.R. Horton, Inc. $DHI

TB Alternative Assets Ltd. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 102.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and 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 portfolio, 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 institutional investors have also added to or reduced their stakes in the business. Hemington Wealth Management raised its holdings in D.R. Horton by 22.1% in the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC lifted its position in shares of D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after buying an additional 69 shares in the last quarter. Mutual Advisors LLC grew its stake in shares of D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after acquiring an additional 70 shares during the period. Physician Wealth Advisors Inc. increased its holdings in D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after acquiring an additional 71 shares in the last quarter. Finally, Caitlin John LLC increased its holdings in D.R. Horton by 3.4% in the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock worth $411,000 after acquiring an additional 79 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent analyst reports. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Evercore boosted their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $159.93.

D.R. Horton Stock Up 0.8%

DHI opened at $138.34 on Thursday. The company has a market capitalization of $40.08 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 2.12 and a beta of 1.44. The firm has a 50-day simple moving average of $150.68 and a two-hundred day simple moving average of $153.04. 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 issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.61 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s payout ratio is presently 16.35%.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

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.