American International Group Inc. trimmed its position in D. R. Horton Inc (NYSE:DHI) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 107,309 shares of the construction company’s stock after selling 20,096 shares during the quarter. American International Group Inc.’s holdings in D. R. Horton were worth $4,285,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new position in D. R. Horton in the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC raised its holdings in D. R. Horton by 179.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after acquiring an additional 2,306 shares during the period. Evercore Wealth Management LLC raised its holdings in D. R. Horton by 5.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after acquiring an additional 200 shares during the period. Advisory Services Network LLC raised its holdings in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,250 shares during the period. Finally, Seven Bridges Advisors LLC bought a new position in D. R. Horton in the 2nd quarter valued at about $150,000. 84.61% of the stock is currently owned by institutional investors.
D. R. Horton Inc (NYSE:DHI) traded down $0.34 during midday trading on Wednesday, hitting $50.24. 4,400,300 shares of the company traded hands, compared to its average volume of 4,044,226. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. The firm has a market cap of $18,969.41, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. D. R. Horton Inc has a twelve month low of $27.21 and a twelve month high of $51.53.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. equities research analysts predict that D. R. Horton Inc will post 3.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.125 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio (DPR) is currently 18.32%.
Several research analysts have weighed in on the stock. BidaskClub raised shares of D. R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Citigroup raised their target price on shares of D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. JMP Securities set a $45.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a report on Monday, October 16th. Zelman & Associates cut shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of D. R. Horton in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.06.
In other D. R. Horton news, Director Michael W. Hewatt sold 4,000 shares of D. R. Horton stock in a transaction on Friday, September 8th. The shares were sold at an average price of $36.11, for a total value of $144,440.00. Following the completion of the sale, the director now directly owns 8,000 shares of the company’s stock, valued at $288,880. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael R. Buchanan sold 9,000 shares of D. R. Horton stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the transaction, the director now owns 24,880 shares of the company’s stock, valued at $922,052.80. The disclosure for this sale can be found here. Insiders sold 51,677 shares of company stock worth $2,262,873 in the last 90 days. Company insiders own 7.20% of the company’s stock.
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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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