Metis Global Partners LLC Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Metis Global Partners LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,960 shares of the construction company’s stock after purchasing an additional 766 shares during the period. Metis Global Partners LLC’s holdings in D.R. Horton were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Golden State Equity Partners increased its holdings 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 valued at $545,000 after buying an additional 3,171 shares during the period. KBC Group NV grew its holdings in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at $4,220,000. Toronto Dominion Bank boosted its holdings in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Finally, Pensionfund Sabic boosted its holdings in D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 4,000 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.9 %

Shares of DHI stock opened at $125.63 on Tuesday. The business’s 50 day moving average is $137.19 and its two-hundred day moving average is $162.33. The company has a market cap of $39.59 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85.

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

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays decreased their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.93.

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.