Long Pond Capital LP Trims Stake in D.R. Horton, Inc. $DHI

Long Pond Capital LP trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 744,637 shares of the construction company’s stock after selling 84,430 shares during the period. D.R. Horton comprises 6.2% of Long Pond Capital LP’s investment portfolio, making the stock its 7th largest position. Long Pond Capital LP’s holdings in D.R. Horton were worth $95,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DHI. Inspire Investing LLC lifted its stake in D.R. Horton by 787.0% in the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after purchasing an additional 18,086 shares during the last quarter. Swedbank AB increased its holdings in shares of D.R. Horton by 22.8% in the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after buying an additional 97,467 shares during the period. Ascent Group LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $232,000. CW Advisors LLC boosted its holdings in D.R. Horton by 79.3% during the 1st quarter. CW Advisors LLC now owns 18,551 shares of the construction company’s stock valued at $2,361,000 after acquiring an additional 8,204 shares during the period. Finally, Park National Corp OH grew its position in D.R. Horton by 13.9% during the 2nd quarter. Park National Corp OH now owns 282,096 shares of the construction company’s stock worth $36,368,000 after acquiring an additional 34,440 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.3%

NYSE:DHI opened at $158.59 on Friday. The company has a 50-day moving average price of $153.75 and a 200-day moving average price of $148.59. The stock has a market cap of $46.32 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.92 and a beta of 1.38. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. 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 released its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.92 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, November 13th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. BTIG Research began coverage on shares of D.R. Horton in a research note on Monday. They set a “buy” rating and a $186.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of D.R. Horton in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $160.15.

D.R. Horton Company 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.