Figure 8 Investment Strategies LLC Makes New $965,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Figure 8 Investment Strategies LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,900 shares of the construction company’s stock, valued at approximately $965,000.

Other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. raised its stake in D.R. Horton by 52.9% during the 4th quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company’s stock worth $2,319,000 after buying an additional 5,736 shares during the period. IMS Capital Management increased its holdings in shares of D.R. Horton by 19.1% during the fourth quarter. IMS Capital Management now owns 4,543 shares of the construction company’s stock valued at $635,000 after acquiring an additional 730 shares in the last quarter. Avestar Capital LLC raised its position in shares of D.R. Horton by 37.2% during the fourth quarter. Avestar Capital LLC now owns 1,648 shares of the construction company’s stock worth $230,000 after purchasing an additional 447 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of D.R. Horton by 82.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock worth $36,306,000 after purchasing an additional 119,392 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its position in D.R. Horton by 7.9% in the 4th quarter. Leavell Investment Management Inc. now owns 2,777 shares of the construction company’s stock valued at $388,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

DHI opened at $129.29 on Friday. The firm has a market cap of $40.74 billion, a P/E ratio of 9.14, a PEG ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two week high of $199.85. The firm has a 50-day moving average of $142.72 and a 200 day moving average of $166.70.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Evercore ISI cut their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $170.93.

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.