Qsemble Capital Management LP Purchases New Stake in D.R. Horton, Inc. $DHI

Qsemble Capital Management LP purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 26,896 shares of the construction company’s stock, valued at approximately $3,874,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Merit Financial Group LLC grew its position in D.R. Horton by 25.6% in the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock valued at $2,635,000 after acquiring an additional 3,726 shares during the last quarter. Winnow Wealth LLC bought a new position in D.R. Horton in the third quarter valued at about $960,000. Nordea Investment Management AB grew its position in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after acquiring an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in D.R. Horton in the third quarter valued at about $946,000. Finally, Mediolanum International Funds Ltd grew its position in D.R. Horton by 96.6% in the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Evercore lifted their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group lifted their target price on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Finally, BTIG Research set a $182.00 price target on D.R. Horton in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $135.54 on Friday. The stock has a market cap of $38.44 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average is $144.55 and its 200-day moving average is $149.81. D.R. Horton, Inc. has a 1-year low of $114.17 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio is presently 16.87%.

D.R. Horton Company 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.