Guardian Capital LP lowered its stake in D. R. Horton Inc (NYSE:DHI) by 70.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,264 shares of the construction company’s stock after selling 153,132 shares during the period. Guardian Capital LP’s holdings in D. R. Horton were worth $2,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. California Public Employees Retirement System raised its position in D. R. Horton by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 751,400 shares of the construction company’s stock valued at $30,003,000 after purchasing an additional 17,600 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of D. R. Horton in the 3rd quarter valued at about $1,038,000. Point72 Asset Management L.P. increased its holdings in shares of D. R. Horton by 982.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 541,109 shares of the construction company’s stock valued at $21,606,000 after acquiring an additional 491,109 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of D. R. Horton by 154.1% in the 3rd quarter. Janus Henderson Group PLC now owns 241,320 shares of the construction company’s stock valued at $9,636,000 after acquiring an additional 146,351 shares during the last quarter. Finally, Caxton Associates LP increased its holdings in shares of D. R. Horton by 91.2% in the 3rd quarter. Caxton Associates LP now owns 325,000 shares of the construction company’s stock valued at $12,977,000 after acquiring an additional 155,000 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.
D. R. Horton Inc (NYSE DHI) opened at $49.81 on Thursday. D. R. Horton Inc has a 12 month low of $27.21 and a 12 month high of $51.53. The firm has a market capitalization of $18,755.64, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37.
D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities research analysts predict that D. R. Horton Inc will post 3.22 earnings per share for the current fiscal 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 paid a $0.125 dividend. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, November 30th. D. R. Horton’s dividend payout ratio (DPR) is 18.32%.
A number of research analysts have recently commented on the company. Buckingham Research increased their price objective on D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price target on shares of D. R. Horton in a research note on Monday, September 25th. Wedbush restated an “outperform” rating on shares of D. R. Horton in a research note on Saturday, September 16th. Mizuho restated a “hold” rating and set a $38.00 price target on shares of D. R. Horton in a research note on Friday, October 27th. Finally, Zelman & Associates downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.94.
In other news, COO Michael J. Murray sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of the sale, the chief operating officer now directly owns 56,304 shares of the company’s stock, valued at approximately $2,715,541.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at $287,160. The disclosure for this sale can be found here. Insiders sold a total of 28,677 shares of company stock valued at $1,410,293 over the last three months. Insiders own 7.20% of the company’s stock.
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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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