Clough Capital Partners L P Has $35.50 Million Stock Position in D.R. Horton, Inc. $DHI

Clough Capital Partners L P grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.9% in the first quarter, Holdings Channel reports. The firm owned 258,741 shares of the construction company’s stock after acquiring an additional 27,460 shares during the period. D.R. Horton accounts for approximately 3.4% of Clough Capital Partners L P’s holdings, making the stock its 10th largest position. Clough Capital Partners L P’s holdings in D.R. Horton were worth $35,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DHI. First Manhattan CO. LLC. increased its stake in D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares during the period. Deseret Mutual Benefit Administrators grew its stake in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in D.R. Horton by 27.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after acquiring an additional 72 shares in the last quarter. AMG National Trust Bank increased its position in shares of D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares during the period. Finally, AdvisorShares Investments LLC raised its stake in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after acquiring an additional 77 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Barclays increased their price target on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $168.17.

D.R. Horton Stock Down 0.2%

D.R. Horton stock opened at $146.49 on Monday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The firm has a market cap of $40.97 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.31 and a beta of 1.36. The business has a fifty day moving average of $150.84 and a two-hundred day moving average of $150.40. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $3.36 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 10.54 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s payout ratio is 17.13%.

D.R. Horton Company 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.