Voss Capital LP Boosts Stock Position in D.R. Horton, Inc. $DHI

Voss Capital LP lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,000 shares of the construction company’s stock after purchasing an additional 5,000 shares during the quarter. Voss Capital LP’s holdings in D.R. Horton were worth $3,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter worth $29,000. Bayforest Capital Ltd boosted its position in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at about $34,000. Hantz Financial Services Inc. increased its position in D.R. Horton by 1,678.9% during the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after purchasing an additional 319 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in D.R. Horton during the first quarter worth about $51,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $158.59 on Monday. The business’s fifty day moving average price is $153.75 and its 200 day moving average price is $148.98. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $46.32 billion, a PE ratio of 13.68, a P/E/G ratio of 1.89 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.92 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is currently 15.53%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DHI shares. Bank of America dropped their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of D.R. Horton in a research report on Monday, December 1st. UBS Group lifted their target price on D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Finally, BTIG Research started coverage on shares of D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $159.38.

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.