D.R. Horton, Inc. $DHI Position Reduced by Mountain Lake Investment Management LLC

Mountain Lake Investment Management LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 16.7% during the 3rd quarter, Holdings Channel reports. The firm owned 61,503 shares of the construction company’s stock after selling 12,287 shares during the quarter. D.R. Horton comprises about 7.8% of Mountain Lake Investment Management LLC’s holdings, making the stock its 4th biggest position. Mountain Lake Investment Management LLC’s holdings in D.R. Horton were worth $10,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $4,724,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in D.R. Horton by 11.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,818 shares of the construction company’s stock valued at $5,393,000 after acquiring an additional 3,303 shares in the last quarter. L2 Asset Management LLC acquired a new position in D.R. Horton during the third quarter worth about $211,000. Laird Norton Wetherby Wealth Management LLC raised its position in D.R. Horton by 4.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 7,040 shares of the construction company’s stock worth $1,193,000 after acquiring an additional 287 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of D.R. Horton by 9.5% in the third quarter. Larson Financial Group LLC now owns 2,488 shares of the construction company’s stock valued at $422,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. Wells Fargo & Company reiterated an “equal weight” rating and issued a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a report on Tuesday, January 13th. Evercore raised their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Finally, BTIG Research set a $182.00 price target on D.R. Horton in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $159.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $141.98 on Tuesday. The company has a 50-day simple moving average of $154.82 and a 200-day simple moving average of $156.19. 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 company has a market cap of $41.13 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

D.R. Horton 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.