First Republic Investment Management Inc. lifted its stake in shares of D. R. Horton Inc (NYSE:DHI) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,941 shares of the construction company’s stock after buying an additional 8,927 shares during the quarter. First Republic Investment Management Inc.’s holdings in D. R. Horton were worth $2,074,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in D. R. Horton in the 2nd quarter valued at $100,000. Tower Research Capital LLC TRC raised its position in D. R. Horton by 179.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after purchasing an additional 2,306 shares during the last quarter. Evercore Wealth Management LLC raised its position in D. R. Horton by 5.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after purchasing an additional 200 shares during the last quarter. Advisory Services Network LLC raised its position in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its position in D. R. Horton by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock valued at $159,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
Several analysts recently commented on the stock. Buckingham Research upped their price target on shares of D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $42.00 price target on shares of D. R. Horton in a research report on Monday, September 25th. Wedbush reiterated an “outperform” rating on shares of D. R. Horton in a research report on Saturday, September 16th. Mizuho restated a “hold” rating and set a $38.00 price objective on shares of D. R. Horton in a research report on Friday, October 27th. Finally, Zelman & Associates downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. D. R. Horton currently has an average rating of “Buy” and an average price target of $44.53.
In related news, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the completion of the sale, the director now directly owns 24,880 shares in the company, valued at $922,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,677 shares of company stock worth $1,743,833. Corporate insiders own 7.20% of the company’s stock.
D. R. Horton Inc (NYSE:DHI) opened at $50.00 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. D. R. Horton Inc has a 12 month low of $27.21 and a 12 month high of $51.53. The firm has a market cap of $18,928.16, a price-to-earnings ratio of 18.49, a PEG ratio of 1.57 and a beta of 1.32.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. D. R. Horton’s dividend payout ratio is 18.32%.
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D. R. Horton Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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