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

AlphaQuest LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

A number of other large investors have also made changes to their positions in the stock. Coastline Trust Co purchased a new position in D.R. Horton in the 3rd quarter valued at about $26,000. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton grew its stake in shares of D.R. Horton by 152.8% during 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 period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $43,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DHI. JMP Securities reissued a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group decreased their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Price Performance

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

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid 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 was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 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.