Public Employees Retirement System of Ohio Sells 4,580 Shares of D. R. Horton Inc (DHI)

Public Employees Retirement System of Ohio cut its position in shares of D. R. Horton Inc (NYSE:DHI) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,425 shares of the construction company’s stock after selling 4,580 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of D. R. Horton worth $8,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new position in shares of D. R. Horton in the second quarter worth $100,000. Tower Research Capital LLC TRC increased its position in D. R. Horton by 179.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after acquiring an additional 2,306 shares during the last quarter. Evercore Wealth Management LLC increased its position in D. R. Horton by 5.7% during the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after acquiring an additional 200 shares during the last quarter. Advisory Services Network LLC increased its position in D. R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its position in D. R. Horton by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock valued at $159,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

In other news, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of the sale, the chief operating officer now directly owns 56,304 shares of the company’s stock, valued at approximately $2,715,541.92. The disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock worth $1,410,293 in the last ninety days. Insiders own 7.20% of the company’s stock.

Shares of D. R. Horton Inc (NYSE DHI) traded down $0.13 during midday trading on Friday, hitting $51.91. The stock had a trading volume of 1,781,001 shares, compared to its average volume of 3,490,000. The stock has a market capitalization of $19,520.00, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. D. R. Horton Inc has a 12-month low of $27.97 and a 12-month high of $53.32. 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 (NYSE:DHI) last released its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. research analysts expect that D. R. Horton Inc will post 3.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio (DPR) is 18.25%.

A number of analysts have commented on DHI shares. Buckingham Research upped their price target on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $42.00 price objective on shares of D. R. Horton in a research note on Monday, September 25th. Wedbush reaffirmed an “outperform” rating on shares of D. R. Horton in a research note on Saturday, September 16th. Mizuho reaffirmed a “hold” rating and issued a $38.00 price objective on shares of D. R. Horton in a research note on Friday, October 27th. Finally, ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.35.

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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.

Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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