Jana Partners LLC purchased a new position in D. R. Horton Inc (NYSE:DHI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,000 shares of the construction company’s stock, valued at approximately $5,391,000.
Several other large investors also recently modified their holdings of the stock. Moors & Cabot Inc. bought a new position in shares of D. R. Horton during the third quarter worth $216,000. Cetera Investment Advisers raised its stake in D. R. Horton by 17.9% during the third quarter. Cetera Investment Advisers now owns 7,295 shares of the construction company’s stock valued at $293,000 after purchasing an additional 1,105 shares in the last quarter. Independent Advisor Alliance raised its stake in D. R. Horton by 23.5% during the third quarter. Independent Advisor Alliance now owns 35,526 shares of the construction company’s stock valued at $1,465,000 after purchasing an additional 6,770 shares in the last quarter. California Public Employees Retirement System raised its stake in D. R. Horton by 2.4% during the third quarter. California Public Employees Retirement System now owns 751,400 shares of the construction company’s stock valued at $30,003,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in D. R. Horton during the third quarter valued at $1,038,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.
A number of research firms recently issued reports on DHI. Wedbush downgraded shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday. ValuEngine downgraded shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. BTIG Research upped their price target on shares of D. R. Horton to $62.00 in a research note on Thursday. Finally, Zelman & Associates downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.94.
Shares of D. R. Horton Inc (NYSE DHI) traded up $0.53 on Friday, hitting $50.34. 3,708,300 shares of the stock traded hands, compared to its average volume of 4,037,316. D. R. Horton Inc has a 1-year low of $27.21 and a 1-year high of $51.53. The stock has a market capitalization of $18,680.63, a P/E ratio of 18.25, a P/E/G ratio of 1.55 and a beta of 1.32. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. sell-side analysts forecast that D. R. Horton Inc will post 3.22 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.50 annualized dividend and a dividend yield of 0.99%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio is currently 18.32%.
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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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