Core Alternative Capital Lowers Stock Position in D.R. Horton, Inc. $DHI

Core Alternative Capital cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,674 shares of the construction company’s stock after selling 4,620 shares during the quarter. D.R. Horton makes up approximately 1.5% of Core Alternative Capital’s holdings, making the stock its 25th biggest position. Core Alternative Capital’s holdings in D.R. Horton were worth $5,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DHI. Norges Bank purchased a new position in shares of D.R. Horton during the 2nd quarter valued at $494,278,000. Berkshire Hathaway Inc bought a new stake in D.R. Horton during the second quarter valued at about $191,491,000. Viking Global Investors LP lifted its position in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of D.R. Horton by 42.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after acquiring an additional 846,085 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of D.R. Horton by 136.4% during the second quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after purchasing an additional 619,509 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $148.60 on Wednesday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The firm has a market capitalization of $43.05 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.42. The company’s 50-day moving average is $151.63 and its 200 day moving average is $155.58.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be issued a $0.45 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 16.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DHI shares. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Bank of America dropped their price objective on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $160.50.

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.