Wealthfront Inc. acquired a new stake in D. R. Horton (NYSE:DHI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,319 shares of the construction company’s stock, valued at approximately $715,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Profund Advisors LLC raised its stake in shares of D. R. Horton by 14.3% in the fourth quarter. Profund Advisors LLC now owns 9,130 shares of the construction company’s stock valued at $466,000 after acquiring an additional 1,144 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in D. R. Horton by 5.3% in the third quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock valued at $984,000 after buying an additional 1,240 shares in the last quarter. Charter Trust Co. raised its stake in D. R. Horton by 11.3% in the fourth quarter. Charter Trust Co. now owns 12,823 shares of the construction company’s stock valued at $655,000 after buying an additional 1,300 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in D. R. Horton by 18.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,793 shares of the construction company’s stock valued at $449,000 after buying an additional 1,369 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in D. R. Horton by 11.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 16,745 shares of the construction company’s stock valued at $855,000 after buying an additional 1,657 shares in the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.
Shares of D. R. Horton opened at $43.51 on Tuesday, MarketBeat Ratings reports. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.12 and a beta of 1.11. D. R. Horton has a 1 year low of $43.57 and a 1 year high of $44.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.07 and a current ratio of 7.36.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. analysts predict that D. R. Horton will post 3.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 10th. D. R. Horton’s payout ratio is 18.25%.
In other D. R. Horton news, CFO Bill W. Wheat sold 2,568 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total transaction of $109,550.88. Following the transaction, the chief financial officer now owns 115,937 shares of the company’s stock, valued at $4,945,872.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 2,423 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $45.73, for a total value of $110,803.79. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $258,374.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,461 shares of company stock worth $1,936,266. Corporate insiders own 6.74% of the company’s stock.
A number of analysts have weighed in on DHI shares. UBS restated a “buy” rating and issued a $58.00 price target (up from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. Mizuho set a $56.00 price target on D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. Credit Suisse Group restated an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of D. R. Horton in a research note on Monday, January 22nd. They noted that the move was a valuation call. Barclays raised their price target on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, Bank of America raised their price target on D. R. Horton to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $51.56.
D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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