FORA Capital LLC Takes $10.43 Million Position in D.R. Horton, Inc. (NYSE:DHI)

FORA Capital LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 74,621 shares of the construction company's stock, valued at approximately $10,434,000. D.R. Horton makes up 1.2% of FORA Capital LLC's investment portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DHI. Principal Financial Group Inc. increased its stake in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after acquiring an additional 120,892 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock worth $57,255,000 after purchasing an additional 215,947 shares during the period. CWA Asset Management Group LLC increased its position in shares of D.R. Horton by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 9,105 shares of the construction company's stock worth $1,273,000 after purchasing an additional 150 shares during the last quarter. Park National Corp OH raised its holdings in D.R. Horton by 8.9% in the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock valued at $29,756,000 after buying an additional 17,441 shares during the period. Finally, Czech National Bank lifted its position in D.R. Horton by 5.8% in the fourth quarter. Czech National Bank now owns 63,230 shares of the construction company's stock valued at $8,841,000 after buying an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Down 1.5 %

Shares of NYSE DHI traded down $1.83 during midday trading on Friday, reaching $122.01. 3,956,080 shares of the stock were exchanged, compared to its average volume of 2,965,330. The stock has a 50 day moving average price of $125.33 and a 200-day moving average price of $140.50. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $37.48 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.54 and a beta of 1.45. 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 issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same period in the prior year, the company earned $3.52 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Wall Street Analyst Weigh In

DHI has been the topic of several recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. StockNews.com lowered D.R. Horton from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research 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. Finally, JMP Securities reduced 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 research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton 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.