Exane Derivatives raised its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 10,106.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,027 shares of the construction company’s stock after purchasing an additional 30,723 shares during the quarter. Exane Derivatives’ holdings in D. R. Horton were worth $1,584,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Csenge Advisory Group acquired a new position in shares of D. R. Horton in the 3rd quarter worth approximately $237,000. Cetera Investment Advisers bought a new stake in shares of D. R. Horton in the 2nd quarter worth approximately $216,000. Goodman Financial Corp lifted its holdings in shares of D. R. Horton by 4.2% in the 3rd quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock worth $7,516,000 after purchasing an additional 7,593 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of D. R. Horton by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 134,772 shares of the construction company’s stock worth $5,382,000 after purchasing an additional 13,940 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of D. R. Horton by 179.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 45,068 shares of the construction company’s stock worth $2,302,000 after purchasing an additional 28,959 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
In related news, Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the completion of the sale, the chairman now owns 23,232,112 shares of the company’s stock, valued at $1,023,606,854.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total value of $175,172.59. Following the sale, the director now directly owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,544 shares of company stock valued at $9,436,958. Insiders own 6.74% of the company’s stock.
DHI has been the topic of several recent research reports. JMP Securities set a $45.00 price target on D. R. Horton and gave the stock a “buy” rating in a report on Monday, October 16th. KeyCorp lifted their target price on D. R. Horton from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $41.00) on shares of D. R. Horton in a research note on Monday, October 23rd. They noted that the move was a valuation call. UBS Group initiated coverage on D. R. Horton in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Mizuho reaffirmed a “hold” rating and set a $38.00 target price on shares of D. R. Horton in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.69.
D. R. Horton Inc (NYSE:DHI) opened at $44.84 on Tuesday. D. R. Horton Inc has a 1-year low of $29.95 and a 1-year high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16,860.00, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.18 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. D. R. Horton’s revenue for the quarter was up 14.8% compared to the same quarter last year. analysts anticipate that D. R. Horton Inc will post 3.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.12%. D. R. Horton’s payout ratio is 18.66%.
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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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