Magnolia Group LLC Makes New Investment in D.R. Horton, Inc. $DHI

Magnolia Group LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 28,700 shares of the construction company’s stock, valued at approximately $3,922,000. D.R. Horton comprises about 1.3% of Magnolia Group LLC’s holdings, making the stock its 16th largest position.

Several other hedge funds have also recently made changes to their positions in the business. Fiduciary Financial Advisors purchased a new position in D.R. Horton in the second quarter worth about $25,000. Caitlin John LLC bought a new stake in D.R. Horton during the second quarter worth approximately $25,000. Compass Wealth Management LLC purchased a new stake in D.R. Horton during the third quarter valued at approximately $27,000. Pension & Wealth Management Advisors Inc. purchased a new stake in D.R. Horton during the third quarter valued at approximately $28,000. Finally, Compass Financial Management LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $147.23 on Thursday. The company has a 50 day moving average price of $141.58 and a 200-day moving average price of $147.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01. D.R. Horton, Inc. has a fifty-two week low of $130.40 and a fifty-two week high of $170.79. The company has a market capitalization of $41.18 billion, a PE ratio of 14.52, a P/E/G ratio of 1.75 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $3.04 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.48 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, November 12th. D.R. Horton’s payout ratio is currently 17.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada dropped their target price on D.R. Horton from $119.00 to $114.00 and set an “underperform” rating for the company in a report on Friday, October 30th. BTIG Research reiterated a “buy” rating and set a $174.00 price objective (down from $184.00) on shares of D.R. Horton in a research report on Tuesday, September 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Wells Fargo & Company cut their price objective on D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, Raymond James Financial downgraded D.R. Horton from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 3rd. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $151.33.

D.R. Horton Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.