Caxton Associates LP Increases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Caxton Associates LP boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 20.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,370 shares of the construction company’s stock after buying an additional 1,438 shares during the quarter. Caxton Associates LP’s holdings in D.R. Horton were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $253,000. Steward Partners Investment Advisory LLC lifted its holdings in D.R. Horton by 39.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,663 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 2,442 shares in the last quarter. TD Asset Management Inc lifted its holdings in D.R. Horton by 8.5% in the 4th quarter. TD Asset Management Inc now owns 174,241 shares of the construction company’s stock worth $26,481,000 after purchasing an additional 13,602 shares in the last quarter. Stifel Financial Corp lifted its holdings in D.R. Horton by 18.1% in the 4th quarter. Stifel Financial Corp now owns 94,924 shares of the construction company’s stock worth $14,429,000 after purchasing an additional 14,573 shares in the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in D.R. Horton in the 4th quarter worth approximately $663,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $187.21 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The company has a market cap of $61.65 billion, a PE ratio of 12.74, a P/E/G ratio of 0.89 and a beta of 1.73. The business has a 50-day simple moving average of $182.13 and a two-hundred day simple moving average of $160.00. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $3.90 earnings per share. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its board has approved a share buyback program on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to buy up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Barclays increased their target price on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Bank of America increased their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods increased their target price on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $183.33.

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.