Lynwood Price Capital Management LP Purchases New Shares in D.R. Horton, Inc. (NYSE:DHI)

Lynwood Price Capital Management LP purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 35,000 shares of the construction company’s stock, valued at approximately $4,894,000. D.R. Horton makes up 3.4% of Lynwood Price Capital Management LP’s investment portfolio, making the stock its 13th largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. Nemes Rush Group LLC grew its holdings in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton grew its stake in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $38,000. Finally, Sierra Ocean LLC bought a new stake in D.R. Horton in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DHI. Citigroup reduced their target price 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. JMP Securities restated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Bank of America downgraded 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 note on Monday, January 27th. Finally, Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Price Performance

DHI opened at $122.29 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $38.54 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The stock has a fifty day simple moving average of $131.33 and a two-hundred day simple moving average of $153.49. D.R. Horton, Inc. has a 12-month low of $119.13 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations 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 revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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.