D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in D.R. Horton by 26.4%, owning 15,254 shares worth approximately $1.94 million.
• D.R. Horton reported $3.36 EPS for the last quarter, exceeding consensus estimates of $2.90, with revenue of $9.23 billion despite a year-over-year decline.
• The company recently announced a $0.40 per share quarterly dividend with a yield of 1.09%, highlighting a dividend payout ratio of 12.83%.

GSA Capital Partners LLP lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,254 shares of the construction company's stock after buying an additional 3,182 shares during the quarter. GSA Capital Partners LLP's holdings in D.R. Horton were worth $1,939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nemes Rush Group LLC lifted its position in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares during the last quarter. Blair William & Co. IL raised its position in D.R. Horton by 0.3% in the 4th quarter. Blair William & Co. IL now owns 36,782 shares of the construction company's stock valued at $5,143,000 after purchasing an additional 95 shares during the last quarter. Aptus Capital Advisors LLC raised its position in D.R. Horton by 3.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock valued at $446,000 after purchasing an additional 98 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its position in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DHI. JMP Securities reduced 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 report on Monday, April 21st. UBS Group boosted their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Barclays dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Wedbush boosted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Price Performance

D.R. Horton stock traded up $7.14 during mid-day trading on Friday, reaching $149.98. The company had a trading volume of 5,479,151 shares, compared to its average volume of 3,803,612. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The company has a market capitalization of $44.71 billion, a P/E ratio of 12.06, a P/E/G ratio of 3.05 and a beta of 1.38. The stock's 50-day simple moving average is $129.88 and its 200-day simple moving average is $129.40.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $4.10 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

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.