Oarsman Capital Inc. Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Oarsman Capital Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI) by 146.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 333 shares of the construction company’s stock after buying an additional 198 shares during the period. Oarsman Capital Inc.’s holdings in D.R. Horton were worth $46,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DHI. Insigneo Advisory Services LLC lifted its position in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares in the last quarter. Allworth Financial LP boosted its position in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after buying an additional 82 shares during the last quarter. Nemes Rush Group LLC increased its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Secure Asset Management LLC raised its position in D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after buying an additional 84 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after acquiring an additional 91 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 4.4 %

Shares of DHI stock opened at $127.67 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $118.00 and a one year high of $199.85. The company’s fifty day moving average price is $131.02 and its 200-day moving average price is $152.44. The company has a market capitalization of $40.23 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.61.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DHI. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada restated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.93.

About D.R. Horton

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.