Profund Advisors LLC grew its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,130 shares of the construction company’s stock after purchasing an additional 1,144 shares during the period. Profund Advisors LLC’s holdings in D. R. Horton were worth $466,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nippon Life Global Investors Americas Inc. increased its position in D. R. Horton by 32.9% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 75,780 shares of the construction company’s stock worth $3,870,000 after purchasing an additional 18,770 shares during the period. Renaissance Technologies LLC increased its position in D. R. Horton by 4.8% during the 4th quarter. Renaissance Technologies LLC now owns 245,938 shares of the construction company’s stock worth $12,560,000 after purchasing an additional 11,300 shares during the period. Koch Industries Inc. acquired a new position in D. R. Horton during the 4th quarter worth approximately $204,000. Invictus RG acquired a new position in D. R. Horton during the 4th quarter worth approximately $401,000. Finally, North Fourth Asset Management LP acquired a new position in D. R. Horton during the 4th quarter worth approximately $3,761,000. Institutional investors own 84.63% of the company’s stock.
In related news, Director Barbara K. Allen sold 940 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total value of $40,100.40. Following the sale, the director now owns 6,590 shares of the company’s stock, valued at approximately $281,129.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Donald R. Horton sold 10,244 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $42.23, for a total value of $432,604.12. Following the completion of the sale, the chairman now directly owns 23,418,979 shares in the company, valued at approximately $988,983,483.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 245,602 shares of company stock worth $10,828,080. 6.74% of the stock is owned by corporate insiders.
D. R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company earned $0.55 EPS. D. R. Horton’s revenue was up 14.8% on a year-over-year basis. equities analysts forecast that D. R. Horton Inc will post 3.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, February 22nd. D. R. Horton’s payout ratio is currently 18.73%.
Several research firms have issued reports on DHI. ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price target on shares of D. R. Horton in a report on Tuesday, January 9th. Credit Suisse Group restated an “outperform” rating and issued a $60.00 price target (up previously from $52.00) on shares of D. R. Horton in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $56.00 price target on D. R. Horton and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, UBS restated a “buy” rating and issued a $58.00 price target (up previously from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. D. R. Horton has an average rating of “Buy” and an average target price of $52.69.
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D. R. Horton Company 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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