Quantbot Technologies LP Acquires New Position in D.R. Horton, Inc. (NYSE:DHI)

Quantbot Technologies LP acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,975 shares of the construction company’s stock, valued at approximately $7,407,000.

Other large investors have also made changes to their positions in the company. Golden State Equity Partners grew its holdings in D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after purchasing an additional 3,171 shares during the last quarter. Toronto Dominion Bank grew its stake in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after acquiring an additional 15,460 shares during the last quarter. Pensionfund Sabic increased its holdings in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Benjamin Edwards Inc. raised its position in D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after acquiring an additional 36,780 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after purchasing an additional 2,767 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $128.77 on Friday. The business has a 50 day moving average price of $134.42 and a 200-day moving average price of $157.19. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a market cap of $40.58 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHI. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. 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. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price 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.