AXQ Capital LP Takes $854,000 Position in D.R. Horton, Inc. $DHI

AXQ Capital LP purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,927 shares of the construction company’s stock, valued at approximately $854,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mutual Advisors LLC grew its position in shares of D.R. Horton by 4.0% in the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after purchasing an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of D.R. Horton by 17.8% in the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after purchasing an additional 71 shares during the last quarter. AMG National Trust Bank grew its position in shares of D.R. Horton by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after purchasing an additional 74 shares during the last quarter. AdvisorShares Investments LLC grew its position in shares of D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares during the last quarter. Finally, Caitlin John LLC grew its position in shares of D.R. Horton by 3.4% in the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock valued at $411,000 after purchasing an additional 79 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $147.82 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a market cap of $41.92 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.06 and a beta of 1.37. The firm has a 50 day simple moving average of $144.72 and a 200 day simple moving average of $149.49. D.R. Horton, Inc. has a fifty-two week low of $115.79 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.58 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is currently 16.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group raised their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $168.54.

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.