D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 59.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,991 shares of the construction company's stock after acquiring an additional 4,091 shares during the period. D.R. Horton accounts for about 1.5% of Figure 8 Investment Strategies LLC's investment portfolio, making the stock its 29th largest position. Figure 8 Investment Strategies LLC's holdings in D.R. Horton were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DHI. Norges Bank acquired a new position in D.R. Horton during the fourth quarter valued at approximately $593,363,000. Franklin Resources Inc. boosted its position in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the period. GAMMA Investing LLC increased its holdings in D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares in the last quarter. Two Sigma Investments LP raised its position in D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after purchasing an additional 832,358 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $98,720,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 2.4%

NYSE:DHI opened at $124.17 on Monday. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $122.51 and a 200-day moving average of $130.72. The firm has a market capitalization of $38.14 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 3.88 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the firm posted $3.52 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. dropped 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 research note on Monday, April 21st. JMP Securities dropped their price target on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently 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.

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