Sherbrooke Park Advisers LLC Buys New Stake in D.R. Horton, Inc. (NYSE:DHI)

Sherbrooke Park Advisers LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,782 shares of the construction company's stock, valued at approximately $529,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Equity Partners increased its holdings in D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after buying an additional 3,171 shares in the last quarter. Park Avenue Securities LLC increased its holdings in D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock valued at $3,923,000 after buying an additional 2,767 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in D.R. Horton by 15.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company's stock valued at $2,086,000 after buying an additional 2,003 shares in the last quarter. Swedbank AB increased its holdings in D.R. Horton by 27.0% in the fourth quarter. Swedbank AB now owns 427,045 shares of the construction company's stock valued at $59,709,000 after buying an additional 90,776 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company's stock valued at $36,306,000 after buying an additional 119,392 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Down 1.9%

Shares of DHI traded down $2.36 during mid-day trading on Tuesday, reaching $122.57. The company had a trading volume of 1,973,304 shares, compared to its average volume of 2,975,667. The stock has a market cap of $37.65 billion, a price-to-earnings ratio of 8.66, 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 $124.44 and a 200-day simple moving average of $138.21. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates 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 last year, the business earned $3.52 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued 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 payout ratio is 12.11%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHI. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Royal Bank of Canada dropped their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.