Sovarnum Capital L.P. Buys Shares of 5,000 D. R. Horton Inc (DHI)

Sovarnum Capital L.P. bought a new position in D. R. Horton Inc (NYSE:DHI) in the 4th quarter, HoldingsChannel reports. The fund bought 5,000 shares of the construction company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its position in D. R. Horton by 4.2% in the 4th quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock worth $1,570,810,000 after purchasing an additional 1,232,825 shares during the last quarter. Greenhaven Associates Inc. grew its position in D. R. Horton by 0.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after purchasing an additional 42,642 shares during the last quarter. Dimensional Fund Advisors LP grew its position in D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after purchasing an additional 306,287 shares during the last quarter. Wedge Capital Management L L P NC grew its position in D. R. Horton by 21.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock worth $134,434,000 after purchasing an additional 588,327 shares during the last quarter. Finally, Legal & General Group Plc grew its position in D. R. Horton by 5.2% in the 3rd quarter. Legal & General Group Plc now owns 1,734,225 shares of the construction company’s stock worth $69,244,000 after purchasing an additional 85,163 shares during the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.

In related news, insider David V. Auld sold 4,986 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $45.00, for a total transaction of $224,370.00. Following the completion of the sale, the insider now directly owns 223,485 shares of the company’s stock, valued at $10,056,825. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total transaction of $175,172.59. Following the sale, the director now directly owns 11,317 shares of the company’s stock, valued at $540,613.09. The disclosure for this sale can be found here. Insiders sold 220,899 shares of company stock valued at $9,784,661 over the last quarter. Insiders own 7.20% of the company’s stock.

Several research analysts have commented on the stock. Bank of America upped their target price on shares of D. R. Horton to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. ValuEngine upgraded shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Mizuho restated a “hold” rating and issued a $38.00 target price on shares of D. R. Horton in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th. Finally, Barclays upped their target price on shares of D. R. Horton from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.69.

D. R. Horton Inc (DHI) opened at $44.08 on Friday. 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 cap of $16,890.11, a P/E ratio of 16.58, a PEG ratio of 1.20 and a beta of 1.09. D. R. Horton Inc has a 1-year low of $30.61 and a 1-year high of $53.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. analysts anticipate that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is presently 18.73%.

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

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