Graham Capital Management L.P. Has $545,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Graham Capital Management L.P. lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 56.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,900 shares of the construction company’s stock after selling 5,100 shares during the period. Graham Capital Management L.P.’s holdings in D.R. Horton were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Golden State Equity Partners boosted its stake in D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock worth $3,923,000 after purchasing an additional 2,767 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in D.R. Horton by 15.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company’s stock worth $2,086,000 after acquiring an additional 2,003 shares during the last quarter. Swedbank AB grew its position in D.R. Horton by 27.0% in the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company’s stock worth $59,709,000 after purchasing an additional 90,776 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock valued at $36,306,000 after acquiring an additional 119,392 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 1.0%

Shares of D.R. Horton stock opened at $123.27 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company has a 50-day moving average of $124.66 and a 200 day moving average of $139.22. The firm has a market cap of $37.87 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 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 business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the prior year, the business posted $3.52 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio is presently 12.11%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Barclays decreased their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. JMP Securities dropped their price objective on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a research note on Monday, April 21st. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company decreased 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, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $151.15.

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.