Quest Partners LLC Sells 5,660 Shares of D.R. Horton, Inc. (NYSE:DHI)

Quest Partners LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 60.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,631 shares of the construction company’s stock after selling 5,660 shares during the quarter. Quest Partners LLC’s holdings in D.R. Horton were worth $512,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC lifted its holdings in D.R. Horton by 1.9% during the 4th quarter. Ieq Capital LLC now owns 5,249 shares of the construction company’s stock worth $798,000 after purchasing an additional 97 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of D.R. Horton by 11.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,476 shares of the construction company’s stock worth $528,000 after buying an additional 357 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $210,000. Janney Montgomery Scott LLC grew its stake in shares of D.R. Horton by 24.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock valued at $4,978,000 after acquiring an additional 6,429 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in D.R. Horton during the fourth quarter worth about $657,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on DHI. JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Barclays boosted their price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. UBS Group lifted their price objective on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $182.07.

D.R. Horton Price Performance

Shares of DHI stock opened at $188.76 on Friday. The business has a fifty day simple moving average of $174.36 and a 200 day simple moving average of $157.43. The company has a market cap of $62.16 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $193.63.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the prior year, the business earned $3.90 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. D.R. Horton’s dividend payout ratio is currently 8.17%.

About D.R. Horton

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.