Bank of New York Mellon Corp lowered its position in D. R. Horton Inc (NYSE:DHI) by 12.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,199,082 shares of the construction company’s stock after selling 441,046 shares during the period. Bank of New York Mellon Corp’s holdings in D. R. Horton were worth $163,378,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new position in D. R. Horton in the 4th quarter valued at $110,000. Calton & Associates Inc. purchased a new position in D. R. Horton in the 4th quarter valued at $193,000. IBM Retirement Fund purchased a new position in D. R. Horton in the 3rd quarter valued at $201,000. Gofen & Glossberg LLC IL purchased a new position in D. R. Horton in the 4th quarter valued at $204,000. Finally, Court Place Advisors LLC purchased a new position in D. R. Horton in the 4th quarter valued at $204,000. Institutional investors own 81.87% of the company’s stock.
Shares of D. R. Horton Inc (NYSE:DHI) opened at $44.47 on Friday. D. R. Horton Inc has a 52 week low of $30.61 and a 52 week high of $53.32. The stock has a market capitalization of $16,720.00, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. sell-side analysts anticipate that D. R. Horton Inc will post 3.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s payout ratio is 16.84%.
A number of research analysts have weighed in on DHI shares. Mizuho restated a “hold” rating and issued a $38.00 price objective on shares of D. R. Horton in a report on Friday, October 27th. Citigroup raised their price objective on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 10th. UBS Group raised their price objective on D. R. Horton from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 10th. Buckingham Research raised 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. Finally, Zelman & Associates downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.69.
In related news, COO Michael J. Murray sold 2,357 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $45.00, for a total transaction of $106,065.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald R. Horton sold 178,200 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.06, for a total value of $7,851,492.00. Following the sale, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at $1,023,606,854.72. The disclosure for this sale can be found here. Insiders have sold a total of 220,899 shares of company stock valued at $9,784,661 over the last three months. Corporate 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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