60,000 Shares in D.R. Horton, Inc. (NYSE:DHI) Bought by Voss Capital LP

Voss Capital LP bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 60,000 shares of the construction company's stock, valued at approximately $8,389,000. D.R. Horton comprises 0.6% of Voss Capital LP's portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Golden State Equity Partners lifted its stake in shares of D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after acquiring an additional 3,171 shares during the period. Pensionfund Sabic boosted its position in D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after purchasing an additional 4,000 shares during the period. Park Avenue Securities LLC increased its position in D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after buying an additional 2,767 shares during the period. Oddo BHF Asset Management Sas acquired a new position in D.R. Horton in the third quarter valued at about $713,000. Finally, Park National Corp OH increased its stake in shares of D.R. Horton by 8.9% in the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock valued at $29,756,000 after purchasing an additional 17,441 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

NYSE:DHI traded down $1.35 during mid-day trading on Friday, hitting $124.69. The stock had a trading volume of 3,588,150 shares, compared to its average volume of 3,851,920. The stock has a market capitalization of $39.29 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.54 and a beta of 1.61. 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, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a 50 day simple moving average of $125.97 and a 200-day simple moving average of $145.52.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the business posted $3.52 earnings per share. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is 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 currently 12.11%.

Analysts Set New Price Targets

Several research firms have commented on DHI. StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a research report on Tuesday. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $151.15.

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.