Long Pond Capital LP lowered its stake in D. R. Horton Inc (NYSE:DHI) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,339,713 shares of the construction company’s stock after selling 1,367,645 shares during the period. D. R. Horton accounts for approximately 17.8% of Long Pond Capital LP’s holdings, making the stock its biggest holding. Long Pond Capital LP’s holdings in D. R. Horton were worth $510,617,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its position in shares of D. R. Horton by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 36,817,427 shares of the construction company’s stock worth $1,552,959,000 after purchasing an additional 381,357 shares during the last quarter. BlackRock Inc. raised its position in shares of D. R. Horton by 2.4% in the 1st quarter. BlackRock Inc. now owns 29,641,765 shares of the construction company’s stock worth $1,226,577,000 after purchasing an additional 707,543 shares during the last quarter. Sanders Capital LLC raised its position in shares of D. R. Horton by 11.5% in the 1st quarter. Sanders Capital LLC now owns 20,738,137 shares of the construction company’s stock worth $939,830,000 after purchasing an additional 2,144,100 shares during the last quarter. FMR LLC raised its position in shares of D. R. Horton by 36.0% in the 4th quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock worth $566,576,000 after purchasing an additional 4,327,013 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of D. R. Horton by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,877,245 shares of the construction company’s stock worth $203,711,000 after purchasing an additional 88,698 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.
Several equities analysts have recently issued reports on the company. KeyCorp lifted their price target on D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Buckingham Research lifted their price target on D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JMP Securities lifted their price target on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Royal Bank of Canada set a $43.00 price target on D. R. Horton and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Barclays set a $46.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.23.
NYSE:DHI traded up $0.39 during mid-day trading on Friday, reaching $45.85. The company’s stock had a trading volume of 85,424 shares, compared to its average volume of 3,291,557. D. R. Horton Inc has a 12-month low of $32.39 and a 12-month high of $47.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 7.27. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.
D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. D. R. Horton’s revenue was up 8.8% on a year-over-year basis. As a group, research analysts predict that D. R. Horton Inc will post 3.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, May 10th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.
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D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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