Nationwide Fund Advisors decreased its position in D. R. Horton Inc (NYSE:DHI) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,586 shares of the construction company’s stock after selling 36,467 shares during the quarter. Nationwide Fund Advisors owned approximately 0.09% of D. R. Horton worth $12,881,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its position in D. R. Horton by 6.9% during the second quarter. Creative Planning now owns 5,665 shares of the construction company’s stock valued at $196,000 after buying an additional 364 shares during the period. Louisiana State Employees Retirement System grew its position in D. R. Horton by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the construction company’s stock valued at $733,000 after buying an additional 300 shares during the period. Strs Ohio grew its position in D. R. Horton by 7.7% during the second quarter. Strs Ohio now owns 31,768 shares of the construction company’s stock valued at $1,098,000 after buying an additional 2,265 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in D. R. Horton by 6.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock valued at $129,000 after buying an additional 241 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in D. R. Horton by 14.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 29,670 shares of the construction company’s stock valued at $1,026,000 after buying an additional 3,810 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.
DHI has been the subject of several research reports. Bank of America increased their price target on shares of D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 6th. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of D. R. Horton in a research report on Tuesday, September 26th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price target on shares of D. R. Horton in a research report on Monday, September 25th. UBS initiated coverage on shares of D. R. Horton in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target for the company. Finally, JMP Securities set a $45.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.06.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that D. R. Horton Inc will post 3.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. D. R. Horton’s dividend payout ratio is presently 18.32%.
In other news, Director Michael W. Hewatt sold 2,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at $287,160. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the completion of the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,677 shares of company stock worth $2,118,433. 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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