D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,004 shares of the construction company’s stock after acquiring an additional 266 shares during the period. AlphaQuest LLC’s holdings in D.R. Horton were worth $420,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new position in D.R. Horton during the third quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton grew its stake in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $38,000. Finally, Sierra Ocean LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DHI. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, UBS Group lowered their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of DHI opened at $125.19 on Friday. The company has a 50 day moving average of $135.64 and a 200-day moving average of $159.66. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $39.45 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

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.