Lynwood Price Capital Management LP Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Lynwood Price Capital Management LP bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the construction company's stock, valued at approximately $4,894,000. D.R. Horton makes up approximately 3.4% of Lynwood Price Capital Management LP's investment portfolio, making the stock its 13th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC boosted its holdings in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC bought a new position in D.R. Horton in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at about $38,000. Rosenberg Matthew Hamilton boosted its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in D.R. Horton in the 4th quarter valued at $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DHI shares. Wedbush reissued a "neutral" rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and cut their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Royal Bank of Canada restated an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, JMP Securities reiterated a "market outperform" rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $169.14.

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D.R. Horton Stock Up 0.8 %

Shares of NYSE:DHI traded up $0.88 during trading on Wednesday, hitting $115.98. 2,143,436 shares of the company's stock traded hands, compared to its average volume of 3,749,956. 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 cap of $36.55 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a 50-day moving average price of $129.38 and a 200-day moving average price of $151.10. 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 data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.38%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

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.