Qsemble Capital Management LP Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Qsemble Capital Management LP bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,857 shares of the construction company’s stock, valued at approximately $262,000.

Other institutional investors have also modified their holdings of the company. Bfsg LLC raised its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $27,000. RiverPark Advisors LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the 1st quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC bought a new position in D.R. Horton during the second quarter worth $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. UBS Group raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their target price on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $182.07.

D.R. Horton Price Performance

NYSE DHI opened at $194.80 on Friday. The firm has a market capitalization of $63.47 billion, a PE ratio of 13.26, a P/E/G ratio of 0.86 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $195.00. The company’s 50 day simple moving average is $175.54 and its 200 day simple moving average is $157.86.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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 return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the business earned $3.90 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.62%. D.R. Horton’s dividend payout ratio is currently 8.17%.

D.R. Horton announced that its Board of Directors has authorized a share buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows 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 stock is undervalued.

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.