Sovarnum Capital L.P. acquired a new position in D. R. Horton Inc (NYSE:DHI) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,000 shares of the construction company’s stock, valued at approximately $255,000.
Other hedge funds have also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new position in D. R. Horton in the 4th quarter worth $110,000. Calton & Associates Inc. acquired a new stake in shares of D. R. Horton in the 4th quarter valued at about $193,000. Advisory Services Network LLC raised its stake in shares of D. R. Horton by 131.9% in 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 in the last quarter. Court Place Advisors LLC acquired a new stake in shares of D. R. Horton in the 4th quarter valued at about $204,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of D. R. Horton in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.
A number of equities research analysts have recently issued reports on DHI shares. Mizuho set a $56.00 target price on shares of D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. Citigroup upped their target price on shares of D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Bank of America upped their target price on shares of D. R. Horton to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. ValuEngine lowered shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 target price on shares of D. R. Horton in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. D. R. Horton has a consensus rating of “Hold” and an average price target of $52.69.
Shares of D. R. Horton Inc (NYSE:DHI) opened at $44.08 on Friday. The firm has a market cap of $16,890.11, a PE ratio of 16.58, a P/E/G ratio of 1.20 and a beta of 1.09. D. R. Horton Inc has a 12 month low of $30.61 and a 12 month high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. D. R. Horton’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. analysts expect that D. R. Horton Inc will post 3.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 annualized dividend and a yield of 1.13%. D. R. Horton’s dividend payout ratio (DPR) is 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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