Figure 8 Investment Strategies LLC Takes $965,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Figure 8 Investment Strategies LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,900 shares of the construction company's stock, valued at approximately $965,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter worth approximately $26,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after buying an additional 117 shares during the last quarter. Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after buying an additional 196 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter worth approximately $30,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton in the third quarter worth approximately $47,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 0.7 %

NYSE:DHI traded down $0.87 during trading hours on Tuesday, reaching $129.71. The company's stock had a trading volume of 2,283,855 shares, compared to its average volume of 3,625,997. The company has a market cap of $40.87 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a one year low of $125.84 and a one year high of $199.85. The business's 50-day moving average is $140.95 and its 200-day moving average is $165.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is presently 11.31%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DHI. Evercore ISI lowered their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Barclays lowered their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Citigroup lowered their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, BTIG Research lowered their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $170.93.

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.