Voss Capital LP Acquires 85,000 Shares of D.R. Horton, Inc. $DHI

Voss Capital LP increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 283.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 115,000 shares of the construction company’s stock after buying an additional 85,000 shares during the quarter. D.R. Horton comprises approximately 0.8% of Voss Capital LP’s portfolio, making the stock its 22nd biggest position. Voss Capital LP’s holdings in D.R. Horton were worth $16,563,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DHI. Capital World Investors increased its holdings in D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton in the 4th quarter worth about $649,305,000. Capital International Investors bought a new stake in D.R. Horton in the 3rd quarter worth about $395,179,000. Boston Partners bought a new stake in D.R. Horton in the 3rd quarter worth about $274,784,000. Finally, Viking Global Investors LP increased its holdings in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Barclays boosted their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Down 0.3%

Shares of NYSE:DHI opened at $154.00 on Friday. The stock has a 50 day moving average of $146.90 and a 200 day moving average of $149.89. The company has a market cap of $43.67 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.37. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.

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.