GSA Capital Partners LLP Acquires Shares of 5,005 D.R. Horton, Inc. (NYSE:DHI)

GSA Capital Partners LLP bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,005 shares of the construction company's stock, valued at approximately $955,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHI. TCI Wealth Advisors Inc. boosted its holdings in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after acquiring an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock valued at $872,000 after purchasing an additional 59 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock worth $739,000 after buying an additional 60 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock valued at $520,000 after buying an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. increased its position in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock valued at $1,251,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wedbush raised D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, JMP Securities lifted their price objective on D.R. Horton from $170.00 to $210.00 and gave the stock a "market outperform" rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, D.R. Horton has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $2.13 during trading hours on Friday, hitting $161.61. The company's stock had a trading volume of 2,507,253 shares, compared to its average volume of 2,517,690. The company has a market cap of $52.66 billion, a PE ratio of 11.25, a PEG ratio of 0.56 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The business has a 50 day moving average price of $182.40 and a two-hundred day moving average price of $166.77. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the business posted $4.45 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 14.92 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. D.R. Horton's payout ratio is 11.14%.

About D.R. Horton

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.