Voss Capital LLC Takes $7.60 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Voss Capital LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 50,000 shares of the construction company’s stock, valued at approximately $7,599,000. D.R. Horton makes up about 0.7% of Voss Capital LLC’s investment portfolio, making the stock its 26th biggest position.

Several other large investors have also bought and sold shares of DHI. Mascoma Wealth Management LLC raised its position in shares of D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth about $33,000. Friedenthal Financial bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $47,000. Clear Street Markets LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $28,000. Finally, AdvisorNet Financial Inc boosted its stake in D.R. Horton by 81.8% during the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after acquiring an additional 162 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

NYSE:DHI traded down $2.64 during trading hours on Monday, reaching $149.07. 2,720,531 shares of the company were exchanged, compared to its average volume of 2,513,889. The business has a 50 day moving average of $151.78 and a 200 day moving average of $137.76. D.R. Horton, Inc. has a 1-year low of $97.92 and a 1-year high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The company has a market capitalization of $49.46 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.75 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company posted $2.76 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 14.24 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

Insider Buying and Selling

In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,197 shares of company stock worth $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DHI. Wedbush lowered shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 target price on the stock. in a report on Tuesday, April 2nd. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. The Goldman Sachs Group raised their price target on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Barclays boosted their price objective on D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada lifted their target price on D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.71.

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.