Core Alternative Capital Acquires 3,032 Shares of D.R. Horton, Inc. (NYSE:DHI)

Core Alternative Capital boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,335 shares of the construction company’s stock after purchasing an additional 3,032 shares during the period. Core Alternative Capital’s holdings in D.R. Horton were worth $5,779,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DHI. TCI Wealth Advisors Inc. grew its position in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares during the last quarter. Covestor Ltd grew its holdings in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares during the period. Demars Financial Group LLC raised its holdings in D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after buying an additional 74 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock valued at $1,454,000 after buying an additional 78 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.9 %

D.R. Horton stock opened at $130.13 on Tuesday. D.R. Horton, Inc. has a one year low of $127.47 and a one year high of $199.85. The stock has a fifty day moving average of $144.87 and a 200 day moving average of $167.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market cap of $41.01 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DHI. UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Citigroup reduced their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $170.93.

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.