AXQ Capital LP Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

AXQ Capital LP lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 42.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,260 shares of the construction company’s stock after buying an additional 2,156 shares during the period. AXQ Capital LP’s holdings in D.R. Horton were worth $1,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton boosted 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 purchasing 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. Sierra Ocean LLC bought a new stake in D.R. Horton in the fourth quarter worth about $43,000. Finally, FSA Wealth Management LLC purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $47,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.8 %

Shares of NYSE DHI opened at $128.77 on Friday. The stock has a market cap of $40.58 billion, a PE ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. 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, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a 50-day moving average of $134.42 and a 200 day moving average of $157.19.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research analyst reports. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Company 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.