Sophron Capital Management L.P. Makes New $9.37 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Sophron Capital Management L.P. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 67,005 shares of the construction company's stock, valued at approximately $9,369,000. D.R. Horton makes up approximately 3.7% of Sophron Capital Management L.P.'s holdings, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nemes Rush Group LLC grew its holdings in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $38,000. Sierra Ocean LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of D.R. Horton during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 0.6%

NYSE DHI traded down $0.75 during trading hours on Thursday, reaching $118.83. 3,228,711 shares of the company's stock traded hands, compared to its average volume of 2,984,510. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market cap of $36.50 billion, a PE ratio of 8.40, a PEG ratio of 0.54 and a beta of 1.45. The firm has a 50-day simple moving average of $124.25 and a 200 day simple moving average of $137.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period last year, the firm posted $3.52 earnings per share. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.35%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DHI shares. BTIG Research reduced their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Royal Bank of Canada cut their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. JMP Securities cut their price target on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Finally, Barclays cut their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $151.15.

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.