Global Financial Private Capital LLC decreased its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 8.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,003 shares of the construction company’s stock after selling 7,076 shares during the period. Global Financial Private Capital LLC’s holdings in D. R. Horton were worth $3,290,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in shares of D. R. Horton by 0.5% during the second quarter. BlackRock Inc. now owns 30,114,048 shares of the construction company’s stock valued at $1,234,675,000 after acquiring an additional 161,262 shares in the last quarter. Sanders Capital LLC increased its position in shares of D. R. Horton by 0.7% during the third quarter. Sanders Capital LLC now owns 14,076,890 shares of the construction company’s stock valued at $645,407,000 after acquiring an additional 94,674 shares in the last quarter. FMR LLC increased its position in shares of D. R. Horton by 1.8% during the second quarter. FMR LLC now owns 12,797,426 shares of the construction company’s stock valued at $524,694,000 after acquiring an additional 223,953 shares in the last quarter. Greenhaven Associates Inc. increased its position in shares of D. R. Horton by 6.8% during the second quarter. Greenhaven Associates Inc. now owns 8,721,921 shares of the construction company’s stock valued at $357,599,000 after acquiring an additional 557,592 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of D. R. Horton by 1.5% during the second quarter. Northern Trust Corp now owns 4,342,827 shares of the construction company’s stock valued at $178,056,000 after acquiring an additional 65,580 shares in the last quarter. 84.11% of the stock is owned by institutional investors and hedge funds.
NYSE:DHI opened at $34.40 on Friday. The company has a quick ratio of 1.11, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. D. R. Horton Inc has a 12 month low of $33.70 and a 12 month high of $53.32. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 0.83 and a beta of 1.26.
D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that D. R. Horton Inc will post 4.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 23rd. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s payout ratio is 12.22%.
In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $495,110. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.20% of the company’s stock.
Several equities research analysts recently weighed in on DHI shares. Bank of America set a $65.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Thursday, October 11th. ValuEngine downgraded shares of D. R. Horton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Wedbush reissued an “outperform” rating and set a $47.00 price target on shares of D. R. Horton in a research report on Friday, September 14th. Barclays set a $51.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Friday, September 14th. Finally, JMP Securities set a $47.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.79.
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D. R. Horton Company 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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