GSA Capital Partners LLP Purchases New Holdings in D.R. Horton, Inc. $DHI

GSA Capital Partners LLP acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 4,774 shares of the construction company’s stock, valued at approximately $778,000.

Other large investors also recently bought and sold shares of the company. First Manhattan CO. LLC. lifted its position in shares of D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after acquiring an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after purchasing an additional 71 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of D.R. Horton by 27.9% during the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after purchasing an additional 72 shares in the last quarter. AMG National Trust Bank raised its stake in D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after purchasing an additional 74 shares during the last quarter. Finally, AdvisorShares Investments LLC lifted its holdings in D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 4.1%

Shares of NYSE:DHI opened at $151.68 on Thursday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The stock has a market cap of $42.42 billion, a P/E ratio of 14.43, a PEG ratio of 2.31 and a beta of 1.37. The business has a fifty day moving average of $152.04 and a two-hundred day moving average of $149.77. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.36 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is 17.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DHI shares. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research note on Wednesday, July 22nd. Truist Financial boosted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Barclays increased their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $166.92.

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.