Neuberger Berman Group LLC lowered its stake in shares of D. R. Horton Inc (NYSE:DHI) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,051,482 shares of the construction company’s stock after selling 125,039 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.35% of D. R. Horton worth $201,706,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in DHI. Strs Ohio grew its position in shares of D. R. Horton by 7.7% during the second 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. Janney Montgomery Scott LLC acquired a new stake in shares of D. R. Horton during the second quarter worth approximately $339,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of D. R. Horton during the second quarter worth approximately $795,000. Daiwa Securities Group Inc. grew its position in shares of D. R. Horton by 9.6% during the second quarter. Daiwa Securities Group Inc. now owns 10,316 shares of the construction company’s stock worth $357,000 after buying an additional 900 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of D. R. Horton by 0.9% during the second quarter. Retirement Systems of Alabama now owns 165,712 shares of the construction company’s stock worth $5,729,000 after buying an additional 1,457 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the sale, the director now owns 6,000 shares in the company, valued at $287,160. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,677 shares of company stock worth $1,743,833. Company insiders own 7.20% of the company’s stock.
Shares of D. R. Horton Inc (DHI) opened at $50.00 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $18,928.16, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. D. R. Horton Inc has a one year low of $27.21 and a one year high of $51.53.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. D. R. Horton’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities research analysts anticipate that D. R. Horton Inc will post 3.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.125 per share. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, November 30th. D. R. Horton’s payout ratio is currently 18.32%.
DHI has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Bank of America raised their price target on shares of D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. UBS initiated coverage on shares of D. R. Horton in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target for the company. KeyCorp raised their price target on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Barclays raised their price target on shares of D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. D. R. Horton has a consensus rating of “Buy” and a consensus price target of $44.53.
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About D. R. Horton
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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