Exxonmobil Investment Management Inc. TX lowered its holdings in D. R. Horton Inc (NYSE:DHI) by 12.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,266 shares of the construction company’s stock after selling 7,932 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in D. R. Horton were worth $2,771,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Shelton Capital Management grew its holdings in shares of D. R. Horton by 80.3% in the third quarter. Shelton Capital Management now owns 132,695 shares of the construction company’s stock valued at $5,299,000 after purchasing an additional 59,100 shares in the last quarter. Optimum Investment Advisors grew its holdings in shares of D. R. Horton by 112.2% in the third quarter. Optimum Investment Advisors now owns 31,350 shares of the construction company’s stock valued at $1,252,000 after purchasing an additional 16,575 shares in the last quarter. Jana Partners LLC acquired a new position in shares of D. R. Horton in the third quarter valued at approximately $5,391,000. Moors & Cabot Inc. acquired a new position in shares of D. R. Horton in the third quarter valued at approximately $216,000. Finally, Cetera Investment Advisers grew its holdings in shares of D. R. Horton by 17.9% in the third quarter. Cetera Investment Advisers now owns 7,295 shares of the construction company’s stock valued at $293,000 after purchasing an additional 1,105 shares in the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.
In other news, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the transaction, the chief financial officer now owns 100,081 shares in the company, valued at approximately $4,969,021.65. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael W. Hewatt sold 2,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock valued at $1,410,293 in the last quarter. 7.20% of the stock is currently owned by company insiders.
D. R. Horton Inc (DHI) opened at $51.91 on Friday. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. D. R. Horton Inc has a twelve month low of $27.97 and a twelve month high of $53.32. The company has a market cap 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 (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm earned $0.75 EPS. The company’s revenue was up 11.4% on a year-over-year basis. equities analysts forecast that D. R. Horton Inc will post 3.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued 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 payout ratio is 18.25%.
DHI has been the subject of a number of research reports. Bank of America lifted their price objective on shares of D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 6th. UBS Group initiated coverage on shares of D. R. Horton in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective for the company. KeyCorp lifted their price objective on shares of D. R. Horton from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Barclays lifted their price objective on shares of D. R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Finally, ValuEngine cut shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.35.
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About D. R. Horton
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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