Mn Services Vermogensbeheer B.V. raised its position in D.R. Horton, Inc. (NYSE:DHI) by 509.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,579 shares of the construction company’s stock after buying an additional 48,131 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in D.R. Horton were worth $1,991,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of D.R. Horton by 4,643.2% in the first quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock worth $1,058,305,000 after buying an additional 31,101,501 shares during the period. Capital Growth Management LP increased its position in shares of D.R. Horton by 107.5% in the first quarter. Capital Growth Management LP now owns 3,320,000 shares of the construction company’s stock worth $110,589,000 after buying an additional 1,720,000 shares during the period. Oakmont Corp increased its position in shares of D.R. Horton by 1,271.8% in the first quarter. Oakmont Corp now owns 1,133,269 shares of the construction company’s stock worth $37,749,000 after buying an additional 1,050,660 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of D.R. Horton by 1,823.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,090,284 shares of the construction company’s stock worth $36,357,000 after buying an additional 1,033,600 shares during the period. Finally, Highbridge Capital Management LLC increased its position in shares of D.R. Horton by 1,082.0% in the fourth quarter. Highbridge Capital Management LLC now owns 1,087,158 shares of the construction company’s stock worth $29,712,000 after buying an additional 995,183 shares during the period. 83.00% of the stock is owned by institutional investors.
Shares of D.R. Horton, Inc. (DHI) opened at 36.33 on Friday. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 14.15 and a beta of 1.25. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $37.44. The stock’s 50 day moving average is $34.64 and its 200-day moving average is $32.58.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 20th. The construction company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.10%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned $0.52 EPS. D.R. Horton’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post $2.76 EPS for the current fiscal year.
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DHI has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $36.00 price target on shares of D.R. Horton in a research report on Thursday, April 13th. Credit Suisse Group initiated coverage on D.R. Horton in a research report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price target on the stock. Raymond James Financial, Inc. raised D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price target on the stock in a research report on Friday, June 30th. Mizuho initiated coverage on D.R. Horton in a research report on Tuesday, May 16th. They set a “neutral” rating and a $32.00 price target on the stock. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $42.00 price target (up from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.78.
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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