Aigen Investment Management LP Invests $3.68 Million in D.R. Horton, Inc. (NYSE:DHI)

Aigen Investment Management LP purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,302 shares of the construction company’s stock, valued at approximately $3,678,000. D.R. Horton comprises 0.6% of Aigen Investment Management LP’s investment portfolio, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DHI. Mountaineer Partners Management LLC bought a new stake in D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC lifted its position in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC lifted its stake in shares of D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Smead Capital Management Inc. raised its stake in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after acquiring an additional 84,835 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.0 %

DHI opened at $125.74 on Wednesday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The business has a 50 day moving average of $136.88 and a 200-day moving average of $161.96. The stock has a market capitalization of $39.62 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.54 and a beta of 1.76.

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

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wedbush reissued a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $170.93.

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.