RoundAngle Advisors LLC Acquires New Position in D.R. Horton, Inc. $DHI

RoundAngle Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,049 shares of the construction company’s stock, valued at approximately $1,703,000.

A number of other hedge funds have also bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the second quarter worth $29,000. Bayforest Capital Ltd raised its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after acquiring an additional 194 shares during the last quarter. Hantz Financial Services Inc. lifted its position in D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after acquiring an additional 319 shares during the period. Ransom Advisory Ltd acquired a new stake in D.R. Horton during the 1st quarter worth about $51,000. Finally, Adirondack Trust Co. grew its stake in D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.8%

Shares of NYSE:DHI opened at $147.12 on Friday. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The business has a 50 day moving average of $151.31 and a two-hundred day moving average of $151.18. The company has a market capitalization of $42.83 billion, a PE ratio of 12.69, a PEG ratio of 1.75 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. During the same period last year, the firm earned $3.92 earnings per share. D.R. Horton’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s payout ratio is currently 15.53%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DHI shares. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. UBS Group raised their price target on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Bank of America reduced their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.08.

D.R. Horton 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.