AXA increased its holdings in D. R. Horton (NYSE:DHI) by 213.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,500 shares of the construction company’s stock after purchasing an additional 63,000 shares during the quarter. AXA’s holdings in D. R. Horton were worth $4,724,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DHI. 180 Wealth Advisors LLC acquired a new position in shares of D. R. Horton during the fourth quarter valued at approximately $597,000. W. E. Donoghue & Co. LLC acquired a new position in shares of D. R. Horton during the fourth quarter valued at approximately $2,623,000. Tiger Eye Capital LLC acquired a new position in shares of D. R. Horton during the fourth quarter valued at approximately $18,951,000. Polaris Greystone Financial Group LLC raised its holdings in shares of D. R. Horton by 1.3% during the fourth quarter. Polaris Greystone Financial Group LLC now owns 436,293 shares of the construction company’s stock valued at $22,281,000 after acquiring an additional 5,778 shares during the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of D. R. Horton by 277.3% during the fourth quarter. WINTON GROUP Ltd now owns 76,573 shares of the construction company’s stock valued at $3,911,000 after acquiring an additional 56,279 shares during the last quarter. 84.68% of the stock is owned by institutional investors.
In other news, CFO Bill W. Wheat sold 2,568 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total transaction of $109,550.88. Following the completion of the transaction, the chief financial officer now directly owns 115,937 shares in the company, valued at $4,945,872.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Bill W. Wheat sold 2,670 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $45.01, for a total value of $120,176.70. Following the transaction, the chief financial officer now owns 101,874 shares of the company’s stock, valued at $4,585,348.74. The disclosure for this sale can be found here. Insiders sold 245,602 shares of company stock valued at $10,828,080 over the last quarter. 7.20% of the stock is currently owned by company insiders.
DHI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 target price on shares of D. R. Horton in a report on Wednesday, March 21st. Royal Bank of Canada reissued a “buy” rating and set a $58.00 target price on shares of D. R. Horton in a report on Monday, February 5th. Wedbush reissued an “outperform” rating and set a $50.00 target price on shares of D. R. Horton in a report on Friday, March 23rd. Mizuho set a $56.00 price target on D. R. Horton and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, Barclays upgraded D. R. Horton from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Monday, March 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.88.
D. R. Horton stock traded down $1.21 during mid-day trading on Friday, hitting $45.35. The company’s stock had a trading volume of 3,366,510 shares, compared to its average volume of 3,653,799. The firm has a market capitalization of $17,048.02, a price-to-earnings ratio of 16.55, a PEG ratio of 1.19 and a beta of 1.12. D. R. Horton has a 1 year low of $31.98 and a 1 year high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. analysts forecast that D. R. Horton will post 3.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 annualized dividend and a yield of 1.10%. D. R. Horton’s payout ratio is 18.25%.
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D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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