Scout Investments Inc. Sells 168,182 Shares of D. R. Horton (DHI)

Scout Investments Inc. trimmed its holdings in D. R. Horton (NYSE:DHI) by 48.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,915 shares of the construction company’s stock after selling 168,182 shares during the period. Scout Investments Inc.’s holdings in D. R. Horton were worth $7,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Profund Advisors LLC raised its position 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 buying an additional 1,144 shares during the last quarter. Buckingham Capital Management Inc. increased its position in D. R. Horton by 5.3% during the third quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock worth $984,000 after purchasing an additional 1,240 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in D. R. Horton by 18.4% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,793 shares of the construction company’s stock worth $449,000 after purchasing an additional 1,369 shares during the last quarter. Cetera Investment Advisers increased its position in D. R. Horton by 22.5% during the first quarter. Cetera Investment Advisers now owns 8,927 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in D. R. Horton by 11.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 16,745 shares of the construction company’s stock worth $855,000 after purchasing an additional 1,657 shares during the last quarter. Institutional investors and hedge funds own 83.76% of the company’s stock.

Shares of D. R. Horton opened at $41.55 on Thursday, Marketbeat Ratings reports. The company has a quick ratio of 1.07, a current ratio of 7.36 and a debt-to-equity ratio of 0.39. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.04 and a beta of 1.11. D. R. Horton has a 1-year low of $32.47 and a 1-year high of $53.32.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. D. R. Horton had a net margin of 7.58% and a return on equity of 15.83%. D. R. Horton’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. equities research analysts anticipate that D. R. Horton will post 3.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 10th. D. R. Horton’s dividend payout ratio (DPR) is presently 18.25%.

In other news, CFO Bill W. Wheat sold 2,568 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total value of $109,550.88. Following the completion of the transaction, the chief financial officer now owns 115,937 shares of the company’s stock, valued at $4,945,872.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael W. Hewatt sold 3,423 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $41.84, for a total transaction of $143,218.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,703 shares of company stock valued at $1,043,420. 7.20% of the stock is currently owned by insiders.

Several research firms recently issued reports on DHI. Barclays raised their price objective on shares of D. R. Horton from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Bank of America raised their price objective on shares of D. R. Horton to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. ValuEngine upgraded shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a research report on Monday, February 5th. Finally, Credit Suisse Group set a $55.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $51.56.

D. R. Horton Company 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.

Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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