First Sabrepoint Capital Management LP Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

First Sabrepoint Capital Management LP cut its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,949 shares of the construction company's stock after selling 5,551 shares during the period. D.R. Horton makes up 0.7% of First Sabrepoint Capital Management LP's portfolio, making the stock its 29th largest position. First Sabrepoint Capital Management LP's holdings in D.R. Horton were worth $2,789,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC boosted its position in 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 acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton grew its holdings in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC bought a new position in D.R. Horton during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 1.5%

DHI traded down $1.83 on Friday, reaching $122.01. 3,956,080 shares of the company traded hands, compared to its average volume of 2,965,330. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $37.48 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The firm has a fifty day simple moving average of $125.33 and a two-hundred day simple moving average of $140.21.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Analyst Ratings Changes

DHI has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays cut their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note 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. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus 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.