D.R. Horton, Inc. (NYSE:DHI) is Long Pond Capital LP’s 4th Largest Position

Long Pond Capital LP raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,169,024 shares of the construction company’s stock after acquiring an additional 34,944 shares during the quarter. D.R. Horton makes up 8.3% of Long Pond Capital LP’s portfolio, making the stock its 4th biggest holding. Long Pond Capital LP’s holdings in D.R. Horton were worth $163,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DHI. Nemes Rush Group LLC raised its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the 4th quarter worth about $38,000. Finally, Sierra Ocean LLC purchased a new stake in D.R. Horton in the 4th quarter valued at about $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DHI shares. Citigroup cut their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group lowered their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average target price of $165.50.

D.R. Horton Stock Performance

D.R. Horton stock opened at $117.64 on Thursday. 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 one year low of $110.44 and a one year high of $199.85. The stock’s 50 day moving average price is $126.77 and its 200 day moving average price is $148.24. The firm has a market capitalization of $37.07 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

About D.R. Horton

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.