CenterBook Partners LP Takes $1 Million Position in D.R. Horton, Inc. $DHI

CenterBook Partners LP purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,911 shares of the construction company’s stock, valued at approximately $1,002,000.

Several other hedge funds also recently added to or reduced their stakes in DHI. Norges Bank purchased a new stake in D.R. Horton in the second quarter valued at $494,278,000. Berkshire Hathaway Inc acquired a new position in D.R. Horton in the second quarter valued at about $191,491,000. Viking Global Investors LP lifted its position in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares during the last quarter. AQR Capital Management LLC boosted its stake in D.R. Horton by 136.4% during the second quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after buying an additional 619,509 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of D.R. Horton by 5,063.5% in the 3rd quarter. Bessemer Group Inc. now owns 466,780 shares of the construction company’s stock valued at $79,105,000 after acquiring an additional 457,740 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.2%

NYSE:DHI opened at $164.15 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The firm has a market cap of $47.55 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 2.53 and a beta of 1.44. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $153.71 and a 200 day moving average price of $157.58.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s payout ratio is presently 16.35%.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Barclays lowered their price target on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Argus boosted their price objective on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Bank of America set a $158.00 target price on D.R. Horton in a report on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $160.29.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.