Trinity Street Asset Management LLP Makes New $25.14 Million Investment in D.R. Horton, Inc. $DHI

Trinity Street Asset Management LLP purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 148,343 shares of the construction company’s stock, valued at approximately $25,140,000. D.R. Horton comprises about 1.7% of Trinity Street Asset Management LLP’s holdings, making the stock its 15th biggest position.

A number of other institutional investors have also modified their holdings of the business. Canton Hathaway LLC acquired a new stake in D.R. Horton during the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of D.R. Horton during the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $29,000. Hantz Financial Services Inc. lifted its holdings in shares of D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after purchasing an additional 319 shares during the last quarter. Finally, Adirondack Trust Co. boosted its position in D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DHI. Bank of America dropped their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. BTIG Research began coverage on shares of D.R. Horton in a report on Monday, December 1st. They issued a “buy” rating and a $186.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company restated an “equal weight” rating and issued a $155.00 target price (down previously from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.62.

D.R. Horton Stock Performance

Shares of DHI opened at $160.98 on Friday. The firm has a market capitalization of $46.86 billion, a PE ratio of 13.89, a P/E/G ratio of 1.91 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $149.93 and a 200 day moving average price of $154.20. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.92 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a dividend of $0.45 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s payout ratio is 15.53%.

About D.R. Horton

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.