Pennsylvania Trust Co cut its stake in D. R. Horton Inc (NYSE:DHI) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,805 shares of the construction company’s stock after selling 10,370 shares during the period. Pennsylvania Trust Co’s holdings in D. R. Horton were worth $2,441,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of D. R. Horton in the second quarter worth approximately $100,000. Tower Research Capital LLC TRC boosted its position in shares of D. R. Horton by 179.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after acquiring an additional 2,306 shares during the last quarter. Evercore Wealth Management LLC boosted its position in shares of D. R. Horton by 5.7% in the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock worth $128,000 after acquiring an additional 200 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of D. R. Horton by 131.9% in the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after acquiring an additional 2,250 shares during the last quarter. Finally, IBM Retirement Fund acquired a new stake in shares of D. R. Horton in the third quarter worth approximately $201,000. 83.94% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on DHI. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price target on shares of D. R. Horton in a report on Tuesday, January 9th. UBS Group restated a “buy” rating and issued a $58.00 price target (up previously from $53.00) on shares of D. R. Horton in a report on Wednesday. KeyCorp restated a “buy” rating and issued a $41.00 price target on shares of D. R. Horton in a report on Tuesday, September 26th. Royal Bank of Canada restated a “buy” rating and issued a $42.00 price target on shares of D. R. Horton in a report on Monday, September 25th. Finally, ValuEngine lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.65.
In other news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction that occurred 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 sale, the director now owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. Insiders have sold 28,677 shares of company stock worth $1,410,293 in the last quarter. Insiders own 7.20% of the company’s stock.
Shares of D. R. Horton Inc (NYSE DHI) opened at $52.10 on Thursday. The stock has a market cap of $19,112.23, a P/E ratio of 19.08, a PEG ratio of 1.46 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 posted its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 7.37% and a return on equity of 14.13%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. sell-side analysts forecast that D. R. Horton Inc will post 3.49 EPS for the current fiscal year.
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D. R. Horton Company 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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