Schwab Charles Investment Management Inc. boosted its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,182,668 shares of the construction company’s stock after buying an additional 60,356 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.32% of D. R. Horton worth $47,224,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DHI. Strs Ohio lifted its holdings in D. R. Horton by 7.7% during the 2nd quarter. Strs Ohio now owns 31,768 shares of the construction company’s stock worth $1,098,000 after buying an additional 2,265 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of D. R. Horton by 14.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,670 shares of the construction company’s stock valued at $1,026,000 after purchasing an additional 3,810 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of D. R. Horton in the 2nd quarter valued at $339,000. Great West Life Assurance Co. Can raised its holdings in shares of D. R. Horton by 3.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 244,042 shares of the construction company’s stock valued at $8,427,000 after purchasing an additional 7,435 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of D. R. Horton by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 37,970 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.
Shares of D. R. Horton Inc (DHI) traded down $0.53 during trading hours on Thursday, hitting $49.71. 4,999,000 shares of the stock traded hands, compared to its average volume of 4,048,289. The stock has a market capitalization of $18,841.90, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. D. R. Horton Inc has a 1-year low of $27.21 and a 1-year high of $51.53.
D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. sell-side analysts forecast that D. R. Horton Inc will post 3.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.125 dividend. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.01%. D. R. Horton’s payout ratio is presently 18.32%.
A number of equities research analysts have recently weighed in on DHI shares. BidaskClub upgraded shares of D. R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Wedbush restated an “outperform” rating on shares of D. R. Horton in a report on Saturday, September 16th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price objective on shares of D. R. Horton in a report on Monday, September 25th. KeyCorp restated a “buy” rating and issued a $41.00 price objective on shares of D. R. Horton in a report on Tuesday, September 26th. Finally, Bank of America raised their price objective on shares of D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 6th. 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 company’s stock. The stock currently 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 dated Friday, September 8th. The shares were sold at an average price of $36.11, for a total transaction of $144,440.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at $288,880. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,677 shares of company stock worth $2,262,873. Insiders own 7.20% of the company’s stock.
D. R. Horton 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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