GSA Capital Partners LLP Buys Shares of 5,005 D.R. Horton, Inc. (NYSE:DHI)

GSA Capital Partners LLP purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,005 shares of the construction company’s stock, valued at approximately $955,000.

A number of other institutional investors have also made changes to their positions in DHI. Legacy CG LLC bought a new position in D.R. Horton during the third quarter worth about $4,220,000. Bessemer Group Inc. boosted its stake in D.R. Horton by 107.6% during the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after acquiring an additional 7,699 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in D.R. Horton by 92.3% during the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock valued at $68,448,000 after purchasing an additional 199,668 shares during the period. DNB Asset Management AS increased its stake in D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in D.R. Horton by 36.1% in the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock worth $10,157,000 after purchasing an additional 16,386 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DHI shares. Evercore ISI decreased their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. Bank of America increased their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Wells Fargo & Company cut their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Down 1.3 %

D.R. Horton stock opened at $161.61 on Friday. The company has a fifty day simple moving average of $182.89 and a 200 day simple moving average of $166.66. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The company has a market cap of $52.66 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm posted $4.45 EPS. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 14.92 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is presently 11.14%.

D.R. Horton 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.