Voss Capital LP Invests $8.39 Million in D.R. Horton, Inc. (NYSE:DHI)

Voss Capital LP acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 60,000 shares of the construction company’s stock, valued at approximately $8,389,000. D.R. Horton makes up 0.6% of Voss Capital LP’s portfolio, making the stock its 29th biggest holding.

A number of other large investors also recently bought and sold shares of DHI. Nemes Rush Group LLC raised its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth $30,000. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $38,000. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $43,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHI. BTIG Research lowered their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JMP Securities restated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Citigroup dropped their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $162.92.

D.R. Horton Trading Up 3.2 %

Shares of DHI opened at $121.29 on Monday. The firm’s fifty day moving average is $126.41 and its two-hundred day moving average is $146.67. The stock has a market cap of $38.22 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter last year, the company earned $3.52 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 12.11%.

D.R. Horton 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.