Quantbot Technologies LP Makes New $7.41 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Quantbot Technologies LP purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 52,975 shares of the construction company’s stock, valued at approximately $7,407,000.

A number of other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of D.R. Horton by 3.4% during the third quarter. Pathstone Holdings LLC now owns 42,770 shares of the construction company’s stock valued at $8,159,000 after acquiring an additional 1,426 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of D.R. Horton in the 3rd quarter worth about $1,746,000. Advisors Asset Management Inc. boosted its stake in D.R. Horton by 17.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company’s stock worth $5,230,000 after purchasing an additional 3,990 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in D.R. Horton by 1.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company’s stock valued at $1,527,000 after purchasing an additional 126 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DHI shares. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Barclays dropped their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Down 1.8 %

Shares of NYSE DHI opened at $128.77 on Friday. The company has a market capitalization of $40.58 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a 50 day simple moving average of $134.42 and a 200-day simple moving average of $157.19.

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, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

D.R. Horton Company Profile

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.