Occudo Quantitative Strategies LP Takes $420,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Occudo Quantitative Strategies LP bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,001 shares of the construction company's stock, valued at approximately $420,000.

A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP boosted its stake in D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the last quarter. Secure Asset Management LLC boosted its position in shares of D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after buying an additional 84 shares during the period. Horizon Investments LLC grew its holdings in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after buying an additional 91 shares in the last quarter. Finally, Bfsg LLC increased its position in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

DHI has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on 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. Keefe, Bruyette & Woods lowered 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. 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. 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 on the stock in a research note on Tuesday, April 15th. Finally, StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Trading Down 0.7%

DHI traded down $0.88 during midday trading on Monday, reaching $124.87. 2,068,650 shares of the company were exchanged, compared to its average volume of 2,973,335. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market capitalization of $38.36 billion, a P/E ratio of 8.82, a PEG ratio of 0.54 and a beta of 1.45. The stock's 50-day simple moving average is $124.52 and its 200 day simple moving average is $138.51.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS 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 analyst estimates of $8.07 billion. During the same period in the prior year, the business earned $3.52 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.28%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

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.