Two Point Capital Management Inc. Sells 1,254 Shares of D.R. Horton, Inc. (NYSE:DHI)

Two Point Capital Management Inc. lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 156,694 shares of the construction company’s stock after selling 1,254 shares during the quarter. D.R. Horton comprises 8.0% of Two Point Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Two Point Capital Management Inc.’s holdings in D.R. Horton were worth $22,517,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC raised its position in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC raised its position in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Smead Capital Management Inc. raised its position in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Evercore ISI dropped their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. BTIG Research lowered their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.93.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $127.77 on Thursday. The stock has a 50 day moving average of $143.40 and a 200-day moving average of $166.97. The company has a market capitalization of $40.26 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 12 month low of $125.84 and a 12 month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.69% and a return on equity of 18.48%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is currently 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.