Mountaineer Partners Management LLC Makes New $4.72 Million Investment in D.R. Horton, Inc. $DHI

Mountaineer Partners Management LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,876 shares of the construction company’s stock, valued at approximately $4,724,000. D.R. Horton comprises approximately 2.7% of Mountaineer Partners Management LLC’s portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors raised its holdings in shares of D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. Norges Bank acquired a new stake in D.R. Horton in the 2nd quarter valued at about $494,278,000. Capital International Investors bought a new position in D.R. Horton during the third quarter worth about $395,179,000. Boston Partners acquired a new position in D.R. Horton during the third quarter worth approximately $274,784,000. Finally, Berkshire Hathaway Inc acquired a new position in D.R. Horton during the second quarter worth approximately $191,491,000. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DHI shares. Citigroup cut their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $159.93.

D.R. Horton Trading Up 1.1%

Shares of NYSE:DHI opened at $141.98 on Tuesday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock has a market cap of $41.13 billion, a PE ratio of 12.90, a P/E/G ratio of 2.17 and a beta of 1.43. The business has a 50 day moving average of $154.82 and a 200-day moving average of $156.19. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a 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 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.