Waratah Capital Advisors Ltd. bought a new stake in D. R. Horton Inc (NYSE:DHI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,747 shares of the construction company’s stock, valued at approximately $293,000.
Several other large investors have also recently added to or reduced their stakes in DHI. Jackson Grant Investment Advisers Inc. acquired a new stake in D. R. Horton during the 4th quarter valued at $110,000. Advisory Services Network LLC lifted its holdings in D. R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares during the last quarter. Calton & Associates Inc. acquired a new stake in D. R. Horton during the 4th quarter valued at $193,000. IBM Retirement Fund acquired a new stake in D. R. Horton during the 3rd quarter valued at $201,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in D. R. Horton during the 4th quarter valued at $204,000. 80.43% of the stock is owned by institutional investors and hedge funds.
DHI has been the subject of several research reports. UBS Group initiated coverage on D. R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target for the company. Barclays raised their price target on D. R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. ValuEngine downgraded D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada raised their price target on D. R. Horton to $57.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $62.00 price target (up previously from $41.00) on shares of D. R. Horton in a report on Monday, October 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $52.69.
Shares of D. R. Horton Inc (NYSE DHI) opened at $45.57 on Friday. D. R. Horton Inc has a twelve month low of $30.10 and a twelve month high of $53.32. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $17,130.72, a price-to-earnings ratio of 17.07, a PEG ratio of 1.22 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. research analysts forecast that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s dividend payout ratio is currently 18.73%.
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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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