Quarry LP Invests $223,000 in D.R. Horton, Inc. (NYSE:DHI)

Quarry LP purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,167 shares of the construction company’s stock, valued at approximately $223,000.

A number of other hedge funds have also bought and sold shares of the business. Mountaineer Partners Management LLC bought a new position in D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC increased its holdings in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the period. Greenhaven Associates Inc. increased its holdings in D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after buying an additional 81,900 shares during the period. Smead Capital Management Inc. increased its holdings in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the period. Finally, Earnest Partners LLC increased its holdings in D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after buying an additional 9,137 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DHI shares. Bank of America raised their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. raised their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Down 1.0 %

Shares of NYSE DHI opened at $159.67 on Friday. The company has a market capitalization of $51.28 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. D.R. Horton, Inc. has a 52-week low of $132.00 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The company’s 50 day moving average price is $175.18 and its 200-day moving average price is $168.39.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 EPS. Equities analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Company 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.