AXQ Capital LP Grows Position in D.R. Horton, Inc. (NYSE:DHI)

AXQ Capital LP boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 42.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,260 shares of the construction company’s stock after buying an additional 2,156 shares during the period. AXQ Capital LP’s holdings in D.R. Horton were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its stake in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton in the 4th quarter worth $38,000. Sierra Ocean LLC purchased a new position in D.R. Horton in the fourth quarter worth $43,000. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton during the third quarter valued at about $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.8 %

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 price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The stock’s 50-day moving average price is $134.42 and its 200-day moving average price is $157.19. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. 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 Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. Barclays decreased their price objective on 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. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $170.93.

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.