Metis Global Partners LLC Has $1.67 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Metis Global Partners LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,960 shares of the construction company’s stock after acquiring an additional 766 shares during the quarter. Metis Global Partners LLC’s holdings in D.R. Horton were worth $1,672,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton in the third quarter worth $1,853,178,000. FMR LLC increased its position in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC increased its position in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. increased its position in shares of D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $125.63 on Tuesday. The business’s 50-day moving average price is $137.19 and its 200-day moving average price is $162.33. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The firm has a market capitalization of $39.59 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.93.

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.