Lecap Asset Management Ltd. Invests $3.28 Million in D.R. Horton, Inc. (NYSE:DHI)

Lecap Asset Management Ltd. purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,421 shares of the construction company’s stock, valued at approximately $3,275,000. D.R. Horton accounts for about 0.9% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 12th largest position.

A number of other institutional investors have also recently made changes to their positions in the stock. SMART Wealth LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $247,000. Tobam bought a new stake in D.R. Horton in the fourth quarter valued at $54,000. Beese Fulmer Investment Management Inc. lifted its position in shares of D.R. Horton by 2.2% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 58,068 shares of the construction company’s stock worth $8,119,000 after purchasing an additional 1,237 shares during the period. William Allan Corp raised its stake in D.R. Horton by 1.4% in the fourth quarter. William Allan Corp now owns 27,882 shares of the construction company’s stock worth $3,898,000 after buying an additional 387 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in D.R. Horton by 8.9% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,703 shares of the construction company’s stock worth $3,593,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $136.00 on Friday. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The business’s fifty day simple moving average is $146.33 and its two-hundred day simple moving average is $168.24. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $42.86 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.60 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 13.05 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wedbush reiterated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Barclays decreased their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $170.93.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

About D.R. Horton

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.