Voss Capital LP Boosts Holdings in D.R. Horton, Inc. $DHI

Voss Capital LP increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 283.3% during the fourth quarter, Holdings Channel reports. The firm owned 115,000 shares of the construction company’s stock after acquiring an additional 85,000 shares during the quarter. D.R. Horton makes up 0.8% of Voss Capital LP’s portfolio, making the stock its 22nd biggest holding. Voss Capital LP’s holdings in D.R. Horton were worth $16,563,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $25,000. Sound Income Strategies LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. purchased a new position in D.R. Horton in the 3rd quarter worth approximately $31,000. Elevated Capital Advisors LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $27,000. Finally, First Horizon Corp lifted its holdings in D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on DHI shares. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Truist Financial upped their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Barclays upped their price objective on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $154.00 on Friday. The stock’s fifty day moving average is $146.90 and its 200 day moving average is $149.89. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54. The firm has a market capitalization of $43.67 billion, a PE ratio of 14.43, a PEG ratio of 2.17 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share 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 company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the firm posted $2.58 EPS. D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. 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.