Voss Capital LLC Takes $7.60 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Voss Capital LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the construction company’s stock, valued at approximately $7,599,000. D.R. Horton comprises approximately 0.7% of Voss Capital LLC’s portfolio, making the stock its 26th biggest holding.

Several other institutional investors have also modified their holdings of the business. Fairfield Bush & CO. bought a new position in D.R. Horton during the 1st quarter valued at $28,000. American Century Companies Inc. lifted its position in shares of D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after purchasing an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. grew its stake in D.R. Horton by 10.7% in the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock worth $751,000 after purchasing an additional 973 shares in the last quarter. Sei Investments Co. increased its holdings in D.R. Horton by 21.1% in the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares during the last quarter. Finally, Prudential PLC acquired a new stake in D.R. Horton during the first quarter valued at approximately $560,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DHI shares. Royal Bank of Canada lifted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. JMP Securities boosted their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Wedbush cut shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 target price on the stock. in a report on Tuesday, April 2nd. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $153.71.

D.R. Horton Price Performance

DHI traded down $2.64 during trading on Monday, reaching $149.07. The stock had a trading volume of 2,720,531 shares, compared to its average volume of 2,513,889. The stock has a 50 day moving average of $151.78 and a two-hundred day moving average of $137.76. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $49.46 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64. D.R. Horton, Inc. has a 1-year low of $97.92 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.76 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling

In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 in the last ninety days. 1.74% of the stock is currently owned by corporate insiders.

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.