Westhampton Capital LLC Takes $210,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Westhampton Capital LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,505 shares of the construction company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton during the third quarter worth approximately $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the period. Wolff Wiese Magana LLC raised its position in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore ISI decreased their price objective 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. BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $160.00 to $150.00 in a research report on Monday. JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.20.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Trading Down 1.5 %

NYSE:DHI opened at $141.85 on Thursday. The company has a market capitalization of $45.51 billion, a P/E ratio of 10.02, a PEG ratio of 0.56 and a beta of 1.75. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The firm has a fifty day simple moving average of $149.42 and a 200-day simple moving average of $169.24.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.