49,514 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 49,514 shares of the construction company’s stock, valued at approximately $6,923,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Equity Partners grew its stake in D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after buying an additional 3,171 shares during the last quarter. Pensionfund Sabic grew its position in shares of D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after acquiring an additional 4,000 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock worth $3,923,000 after acquiring an additional 2,767 shares during the period. Oddo BHF Asset Management Sas bought a new stake in D.R. Horton in the 3rd quarter valued at about $713,000. Finally, Park National Corp OH boosted its stake in D.R. Horton by 8.9% during the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company’s stock valued at $29,756,000 after purchasing an additional 17,441 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.1 %

Shares of NYSE DHI opened at $124.69 on Friday. The business has a fifty day simple moving average of $125.87 and a 200-day simple moving average of $144.82. The company has a market cap of $38.30 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. 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 announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the firm earned $3.52 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.28%. D.R. Horton’s dividend payout ratio is presently 12.11%.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent analyst reports. BTIG Research cut their price target on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reduced their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Barclays cut their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Finally, JMP Securities decreased their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $151.15.

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.