AlphaQuest LLC Sells 5,058 Shares of D.R. Horton, Inc. $DHI

AlphaQuest LLC lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 43.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,547 shares of the construction company’s stock after selling 5,058 shares during the period. AlphaQuest LLC’s holdings in D.R. Horton were worth $1,110,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC raised its position in D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $302,000. Robeco Institutional Asset Management B.V. lifted its position in shares of D.R. Horton by 13.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 52,301 shares of the construction company’s stock worth $6,743,000 after buying an additional 6,086 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in D.R. Horton by 2.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,141 shares of the construction company’s stock valued at $4,530,000 after buying an additional 890 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Bank of America dropped their price objective on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. UBS Group set a $163.00 target price on D.R. Horton in a report on Tuesday, January 27th. Evercore ISI increased their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company set a $158.00 price objective on D.R. Horton in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $160.50.

D.R. Horton Price Performance

Shares of DHI opened at $148.82 on Monday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $43.11 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 2.30 and a beta of 1.44. The stock’s 50-day moving average price is $152.19 and its two-hundred day moving average price is $155.95. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the business earned $2.61 EPS. The firm’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.