V Square Quantitative Management LLC Purchases New Position in D.R. Horton, Inc. $DHI

Key Points

• V Square Quantitative Management LLC opened a new position in D.R. Horton in Q4, purchasing 7,330 shares valued at approximately $1,056,000.
• Analyst coverage is mixed with a consensus rating of Hold and a $159.33 average price target (4 Buys, 10 Holds, 3 Sells); Citigroup lowered its target to $154.
• D.R. Horton beat quarterly EPS estimates ($2.03 vs. $1.98) and reported $6.89B in revenue (vs. $6.66B expected) despite revenue declining 9.5% year-over-year, and it pays a quarterly dividend of $0.45 (≈1.3% yield).

V Square Quantitative Management LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,330 shares of the construction company's stock, valued at approximately $1,056,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Concord Wealth Partners acquired a new stake in D.R. Horton in the 3rd quarter valued at about $25,000. Canton Hathaway LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton in the 3rd quarter valued at about $27,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $27,000. Finally, Ameriflex Group Inc. acquired a new stake in D.R. Horton in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on DHI. Zacks Research upgraded shares of D.R. Horton from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. Keefe, Bruyette & Woods reiterated a "reduce" rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Seaport Research Partners reiterated a "neutral" rating on shares of D.R. Horton in a research report on Tuesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, Citigroup lowered their price target on shares of D.R. Horton from $163.00 to $154.00 and set a "neutral" rating for the company in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $159.33.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by company insiders.

D.R. Horton Stock Up 0.6%

Shares of NYSE DHI opened at $143.51 on Friday. The stock has a market cap of $41.57 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.22 and a beta of 1.44. The firm has a 50 day moving average price of $149.46 and a 200 day moving average price of $151.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a 52-week low of $114.17 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analysts' expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.61 earnings per share. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton's dividend payout ratio is 16.35%.

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.

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