5 Undervalued Stocks to Buy Today

2. D.R. Horton, Inc. (NYSE:DHI)

Number of Hedge Fund Holders: 45

PE Ratio: 8.68

D.R. Horton, Inc. (NYSE:DHI) is a homebuilding company. The firm has an impressive dividend history and recently declared a quarterly dividend of $0.225 per share, an increase of more than 12% from the previous dividend of $0.200 per share. It has also smashed market estimates on earnings per share and revenue for the third quarter and raised guidance, earning bullish ratings from Citi, Barclays, and Bank of America. 

Even though D.R. Horton, Inc. (NYSE:DHI) has had a stop-and-start year so far, JPMorgan has forecast that the homebuilding pricing and demand will continue to be strong for the next two years overall, driving the revenue of firms like DR Horton. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Egerton Capital Limited is a leading shareholder in D.R. Horton, Inc. (NYSE:DHI) with 8.3 million shares worth more than $752 million.