KBC Group NV cut its stake in D. R. Horton Inc (NYSE:DHI) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,057 shares of the construction company’s stock after selling 14,410 shares during the quarter. KBC Group NV’s holdings in D. R. Horton were worth $1,484,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of DHI. Jackson Grant Investment Advisers Inc. bought a new position in D. R. Horton during the fourth quarter worth about $110,000. Calton & Associates Inc. bought a new position in D. R. Horton during the fourth quarter worth about $193,000. IBM Retirement Fund bought a new position in D. R. Horton during the third quarter worth about $201,000. Gofen & Glossberg LLC IL bought a new position in D. R. Horton during the fourth quarter worth about $204,000. Finally, Court Place Advisors LLC bought a new position in D. R. Horton during the fourth quarter worth about $204,000. 81.87% of the stock is currently owned by institutional investors.
In other news, Chairman Donald R. Horton sold 178,200 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.06, for a total value of $7,851,492.00. Following the sale, the chairman now directly owns 23,232,112 shares in the company, valued at approximately $1,023,606,854.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael J. Murray sold 2,357 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $45.00, for a total transaction of $106,065.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,899 shares of company stock worth $9,784,661. 7.20% of the stock is currently owned by corporate insiders.
D. R. Horton Inc (DHI) opened at $44.47 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. D. R. Horton Inc has a 1-year low of $30.61 and a 1-year high of $53.32. The company has a market cap of $16,638.24, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last released its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. equities research analysts predict that D. R. Horton Inc will post 3.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. D. R. Horton’s payout ratio is currently 18.73%.
A number of equities analysts recently commented on the stock. ValuEngine raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America raised their price target on shares of D. R. Horton to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Barclays raised their price target 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. Citigroup raised their price target on shares of D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Zelman & Associates lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $52.69.
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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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