Soros Capital Management LLC Buys New Position in D.R. Horton, Inc. (NYSE:DHI)

Soros Capital Management LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 51,900 shares of the construction company’s stock, valued at approximately $9,901,000. D.R. Horton comprises about 2.4% of Soros Capital Management LLC’s holdings, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Townsquare Capital LLC increased its stake in shares of D.R. Horton by 36.5% during the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock valued at $1,469,000 after acquiring an additional 2,057 shares during the last quarter. Avestar Capital LLC acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $229,000. Brooklyn Investment Group increased its stake in shares of D.R. Horton by 8.0% during the 3rd quarter. Brooklyn Investment Group now owns 3,365 shares of the construction company’s stock valued at $642,000 after acquiring an additional 249 shares during the last quarter. FMR LLC increased its stake in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its stake in shares of D.R. Horton by 21.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,282 shares of the construction company’s stock valued at $2,152,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $168.68 on Wednesday. The business’s 50 day moving average is $178.80 and its two-hundred day moving average is $167.89. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The firm has a market cap of $54.17 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.63 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.45 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DHI. Citigroup dropped their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays decreased their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Bank of America boosted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $185.87.

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.